Adel Ali named ‘Business Leader of the Year’ at Middle East Accountancy and Finance Excellence Awards

CEO recognised for establishing Air Arabia as region’s number one low-
cost carrier

Sharjah, UAE; December 20, 2011: Adel Ali, Group Chief Executive Officer of Air

Arabia, has been named “Business Leader of the Year” at the inaugural Middle East

Accountancy and Finance Excellence Awards. Ali, CEO of the first and largest low-

cost carrier (LCC) in the Middle East and North Africa, collected the award during a

ceremony held in Dubai.

Organised by ICAEW, a professional membership organisation supporting over

136,000 chartered accountants around the world, the Awards celebrate the very best

of the accountancy and finance profession in the Middle East. Ali received the award

in recognition of establishing Air Arabia as the region’s number one low-cost airline.

Commenting on receiving the award, Ali said: “I am proud to collect this award on

behalf of the entire Air Arabia team. Air Arabia’s proven business model has enabled

us to expand into new markets and ventures, while continuing to provide millions

of passengers with the most reliable value-for-money air travel options in the wider

region.”

Amanda Line, Regional Director, ICAEW Middle East, said: “We were overwhelmed

not only by the high level of interest in the awards, but by the quality and

professionalism of the entries. This year’s winners truly reflect the excellence in the

accountancy and finance profession across the Middle East, and we are delighted to

see winners from the whole region.

The awards were open to finance professionals, business leaders and organizations

and were based around the themes of excellence, leadership and best practice.

The awards recognize those individuals and organisations who have demonstrated

superior excellence in their field – who are the very best in what they do.

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About Air Arabia:
Air Arabia (PJSC), listed on the Dubai Financial Market, is the Middle East and North Africa’s leading
low-cost carrier (LCC). Air Arabia commenced operations in October 2003 and currently operates a
total fleet of 31 new Airbus A320 aircraft, serving 70 routes from three hubs in UAE, Morocco and
Egypt.

Air Arabia is an award-winning airline that focuses on offering comfort, reliability and value-for-money
air travel. For further information, please visit: www.airarabia.com.