The general assembly of Emirates Telecommunications Company approved distributing cash dividends to shareholders by 80 fils for the fiscal year 2019.
The company has achieved consolidated revenues of 52.2 billion dirhams, while the consolidated net profit after deducting the federal concession right amounted to 8.7 billion dirhams, with a growth rate of 1% compared to the same period last year.
According to Emirates News Agency, Obaid Humaid Al Tayer, Chairman of Etisalat Group, said in a speech during the meeting: While Etisalat continues today its journey in the new decade, its performance in the year 2019 confirms that the various achievements have been achieved as different A testament to the company's leadership in the telecommunications sector in the region, as Etisalat continued to work to consolidate its core business, discover new growth opportunities, enhance its position in the field of digital transformation, and be fully prepared to interact with and lead future technologies.
He added that Etisalat was able to lead the digital transformation through a rapid response to various global technological developments, and to provide the latest services and innovations in this field, to enhance creativity ... Etisalat has been able through these efforts to be at the forefront of the potential for digital transformation in many sectors and areas of life It is noteworthy that Etisalat’s continued success is mainly due to its awareness of the requirements of its customers, and its ability to provide what they are looking for from the latest pioneering and innovative digital services and solutions and put them in their hands.
He pointed out that Etisalat continued to maintain the achievement of good financial performance, and a high credit rating / AA- / Aa3 /, in a manner that reflects stable long-term performance and great efforts to achieve added value to shareholders, and this was embodied through the adoption of a total cash dividend to shareholders. At 80 fils for the full year of 2019, which represents a 5% return on dividend, in addition to an 80% profit distribution.
His Excellency Obaid Humaid Al Tayer affirmed the ability of Etisalat over its four years of operation to meet and fulfill the needs and expectations of millions of its customers across the various markets in which it is present, as it has been keen to place the interest of its customers at the heart of everything it does, which is What enabled it to launch a long list of services and digital and innovative solutions, which played a pivotal role in enriching the daily lives of its customers and making them more accessible and easy.
He emphasized that Etisalat’s success and leadership locally and regionally could not have been achieved had it not been for the sustained and continuous support of the leadership of the United Arab Emirates, the loyalty of Etisalat customers, the confidence of its shareholders, and the commitment of Etisalat’s management and dedication team to work towards achieving Etisalat’s vision and strategic goals.
For his part, Eng. Abdullah Abdullah Al-Abdouli, CEO of Etisalat Group, said: “I am pleased to confirm that Etisalat’s journey during the year 2019 was a continuation of a long journey of unprecedented successes and achievements, during which it was based on an ambitious vision, and a constructive strategy ....
