According to the company’s statement on the Abu Dhabi Financial Market, the association also agreed to lift the registration of foreign shareholders ’voting on the general assembly’s decisions.
This comes at a time when the group's consolidated revenues reached 52.4 billion dirhams, while the consolidated net profit after deducting the federal concession amounted to 8.6 billion AED and with a growth rate of 2.4%.
.
Issa Mohamed Al Suwaidi, Chairman of Etisalat Group, stressed that Etisalat’s journey in the year 2018 was an extension of the previous successes towards achieving the Etisalat Group’s vision of leading the digital future to empower communities This is through strengthening the main business, enriching the digital services portfolio, diversifying the returns through new growth opportunities, in addition to exerting extraordinary efforts by the group in the framework of enhancing its leadership position and improving operational efficiency.Al-Suwaidi emphasized that Etisalat Group continued to achieve good financial performance, in addition to maintaining its high credit rating, which reflects its tireless efforts towards maximizing the added value of shareholders, which led to Proposing a dividend of 40 fils per share for the second half of 2018, for a total cash dividend of 80 fils for the full year, and the dividend yield represents 4.7% in addition to a dividend distribution of 81%, indicating Etisalat’s efforts to strengthen governance Institutionalization by lifting restrictions on voting rights of foreign shareholders.
On his part, Eng. Abdullah Abdullah Al-Abdouli, CEO of Etisalat Group, pointed out the remarkable progress that Etisalat has been able to achieve in the digital field, develop its operational model, and maximize added value. For customers and shareholders alike.
Namazon Services..programmed technical analysis platform ... for Emirati, Saudi, and global markets
With your support we continue ... to provide valuable content and smart solutions for investors, to discover opportunities in the local and global markets.
To more:
Emaar Properties: More than one billion dirhams in cash dividends
