Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Etisalat 2021 revenue up 3.2%

Its aggregate subscribers reached 164 million, a YoY increase of 3 per cent.
  • The company attributed the growth to increased demand for data connectivity and digital services
  • The growth was also attributed to international operations and improvement in domestic operations

The consolidated revenue for the Etisalat Group for fiscal year 2021 amounted to AED53.34 billion ($14.52 billion), it has announced.

This represented a year-on-year increase of 3.2 percent, or AED1.6 billion ($435.67 million), according to a company disclosure to the Abu Dhabi stock market.

The company attributed the growth to increased demand for data connectivity and digital services.

Its statement added that the growth was also attributed to “international operations as well as steady improvement in domestic operations.”

It added: “Etisalat Group consolidated profit attributable to the owners of the company amounted to AED 9.3 billion ($2.53 billion).”

This, it said, represented a year-on-year increase of 3.2 percent or AED0.29 billion ($78.97 million).