Air Arabia, the Middle East's largest low-cost carrier, plans to list its shares on the Dubai Financial Market this week, the airline's chief executive said on June 13.
The exact date has still to be set, Adel Ali told reporters on the sidelines of an aviation conference in Mumbai. In April, the airline held a 2.57 billion dirham ($700 million) share sale. It said the funds would be used to help finance the purchase of 34 aircraft.