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Air Arabia to pay 10% cash dividend

Payment approved at budget airline’s third AGM.

March 22, 2010 5:38 by

Budget airline Air Arabia is to pay shareholders a 10 percent cash dividend, it was announced today.

The payment to shareholders was agreed at the company’s third Annual General Meeting, which was held in the airline’s home base of Sharjah, UAE.

The assembly also approved the report of the company’s auditors for the financial year ending December 31, 2009, along with the balance sheet and profit and loss accounts for the same period.

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