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11 December 2023

Etisalat proposes H2 dividend of Dh0.4 per share

By Reuters

Abu Dhabi-listed Etisalat  has proposed paying a cash dividend of 0.4 dirhams ($0.11) per share for the second half of 2015, a statement issued by the telecom operator showed on Thursday.
If approved by shareholders, this would bring its total payout for last year to 0.8 dirhams per share, Etisalat said in the bourse statement.
For all of 2014, Etisalat paid a cash dividend of 0.70 dirham per share plus 10 percent in bonus shares.
The federal government of the United Arab Emirates owns 60 percent of Etisalat.

Abu Dhabi-listed Etisalat  has appointed Hatem Dowidar as its acting chief executive officer until the group restructures by June-end, a statement by the telecom operator to the bourse showed on Thursday.

Outgoing CEO Ahmad Julfar resigned for personal reasons, Etisalat said in the statement.

The firm did not elaborate on the restructuring plans.