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According to Al Bayan newspaper, Etisalat said, in response to shareholders ’inquiries during the recent general meeting, that the company is working to support social networking remotely and e-learning for students and provide everything necessary to enable employees of government agencies and the private sector to work remotely.
She explained that her focus now is to ensure that the network is fully prepared to meet all movement needs and requirements for use by all people in the Emirates without affecting this daily activities.
The company pointed out that the Corona virus affected global economies, noting that work is still underway to assess the potential impact of the virus on the company’s business as the Abu Dhabi Stock Exchange will be provided with any changes when disclosing the financial statements for the first quarter of this year.
In response to a query about raising dividends, Etisalat said that the distribution of profits is based on a policy that takes into account many factors, including the operating environment, capital expenditures requirements, potential opportunities and required liquidity.
She stated that the dividend yield for each share of 80% is 80% of the nominal value of the share, with a return exceeding 5%, and this ratio is very competitive if compared to other sectors.
