e&, formerly known as Etisalat Group has approved a cash dividend AED0.4 per share to its shareholders for the second half of 2021, representing a total annual dividend of AED0.8 per share, a statement by the Group said on Tuesday.
During the Annual General Meeting, the Board of Directors outlined e&’s efforts in accelerating its digital transformation in an ever-changing business landscape. The Board took note of the company’s recent transformation into a global technology conglomerate and seizing different opportunities to create a more progressive business model.
The Group reported a net profit of AED 9.3 billion, an increase of 3.2 percent year on year. It also saw a 3.0 percent increase in its aggregated subscriber base, rising to 159 million.
The Group’s consolidated revenues increased by 3.2 percent to AED 53.3 billion and consolidated net profit amounted to AED 9.3 billion, representing a 3.2 percent increase year-on-year.
Its EBITDA amounted to AED 26.7 billion, representing a year-on-year increase of 1.0 percent which resulted in an EBITDA margin of 50.1 percent.
“Our growth mindset will continue to guide us forward as we refocus our efforts on investing in breakthrough technologies, accelerating in-depth market penetrations and capitalising on solid ventures with key industry players,” Chairman of e& Jassem Mohamed Bu Ataba Alzaabi said.
The Group was named the strongest telecoms brand in the world in January 2022, and also topped the Forbes MENA Top 10 most valuable listed companies in the UAE.