Jazeera Airways approves shareholders dividend

Dubai: Jazeera Airways said its shareholders approved the board’s recommendation for a cash dividend distribution of 35 fils per share (35 per cent of a share’s nominal value).

The company had reported an operating profit for the year of 7.7 million Kuwaiti dinars in 2017, and a net profit of 8.2 million dinars. Other highlights of the year include 11.2 per cent growth in flown passengers, 6.7 per cent growth in load factor, and a high on-time performance of 93 per cent.

Jazeera Airways Chairman Marwan Boodai said: “2018 will be no less exciting than 2017, and the Jazeera team is already off to a great start. We’ve launched non-stop flights to the Indian cities of Ahmedabad and Kochi, and I’m pleased to announce today that our very own dedicated terminal will receive its first passengers by mid-May following a record construction period of only 11-months.”