Etisalat AGM approves 80-fil per share dividend for 2015

At Etisalat’s annual general meeting, held at the company’s headquarters in Abu Dhabi, shareholders have backed the board’s recommendation to pay full-year 2015 dividends of 80s fils per share.

After the release of the Group’s 2015 annual results, the board proposed the dividend share, which is a reflection of the strong results achieved during the fiscal year ended on 31 December.

Etisalat’s net profit after Federal Royalty reached Dh8.3 billion, resulting in a net profit margin of 16 per cent. Furthermore, consolidated EBITDA totaled Dh26.5 billion for 2015, resulting in EBITDA margin of 51 per cent, up 3 per cent on 2014.

Saleh Al Abdooli, Chief Executive Officer, said: “As we prepare to enter our fifth decade as a company, Etisalat’s performance in 2015 reflects our history of solid performance and innovation. The financial results seen in 2015 have consolidated our position as a leading operator in emerging markets. As a result, we are well-placed to meet the challenges of the fast-evolving telecommunication sector and move forward with confidence to provide greater value for our shareholders and meet the aspirations of the millions of our customers across our international footprint.”

He continued: “We allocated Dh4.9 billion - about 47 per cent of consolidated capital expenditure - to the UAE market given our unwavering commitment to provide a state-of-the-art related telecommunications network to the citizens of the UAE, and reflecting the higher revenue per subscriber in the market. In international markets, we progressed with strategic investments that included; acquiring 4G license and launching of 4G+ services in Morocco Telecom, in addition to license acquisition and renewal in Ivory Coast, Niger and Mauritania.” 

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