Etisalat Group's profits increased to 9 billion dirhams, an increase of 3.8% during 2020, after deducting the federal franchise compared to 2019, while the group's revenues reached 51 7 billion dirhams, as a result of the strong growth in international operations, according to the financial results issued by the group.
According to the Emirates News Agency, the Etisalat Board of Directors proposed a dividend distribution of 40 fils per share for the second half of 2020, so that the total cash dividends for the year would be 80 fils per share.
The board of directors also suggested canceling the company's share-purchase program and instead proposed an additional one-time dividend of 40 fils per share, thus bringing the total proposed dividend distribution per share to AED 1.20 For the year.
The consolidated EBITDA amounted to 26.4 billion dirhams, an annual increase of 0.3%, resulting in EBITDA margin reaching 51.1% .
The Etisalat subscriber base in the country reached 12.2 million subscribers, while the total number of Etisalat Group subscribers reached 154 million, with an annual increase of 3.6%. < / p>
credit rating agencies Standard & Poor's Global and Moody's confirmed Etisalat Group's high credit rating of AA- / Aa3.
Etisalat launched several initiatives to support the community during the Corona Covid 19 pandemic, so that more than 10 million Etisalat mobile subscribers in the country would receive free browsing in 800 websites from Education, health and safety sectors .. In addition to providing free access to applications and platforms to support the distance education initiative and government services, in addition to providing free access to the unified virtual business platform CloudTalk Meeting to ensure business continuity and not being affected.
Etisalat has fully acquired Help AG, a leading provider of cybersecurity services and solutions.
His Excellency Obaid Humaid Al Tayer, Chairman of the Board of Directors of Etisalat Group, said: As Etisalat today continues its march towards the digital future and its empowerment, the year 2020 will be a true testament. On the company's flexibility and speed in dealing with the exceptional and unprecedented circumstances that the world is witnessing.
He added that despite the global impact of the pandemic, Etisalat has shown good performance, driven by a future vision of the need to accelerate digital transformation, innovation and increase digital readiness ...
