Dubai: Shareholders of Kuwaiti-based Jazeera Airways Group have approved a board proposal for a cash distribution of 20 million Kuwaiti dinar (Dh243 million) as a special dividend, according to a statement on Thursday.
The dividend relates to the company’s financial performance for the 12 months ending December 31, 2014.
Jazeera Airway’s board of directors has also recommended the distribution of an additional KD30 million in cash in 2015, subject to shareholder approve, in form of it’s a share buy-back programme to take place in the second half of 2015.
