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UAE’s Etisalat to pay out 40 fils a share as H1-2021 dividend, net profit totals impressive Dh4.7b

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Dubai: The UAE telecom giant Etisalat will distribute interim dividends of 40 fils per share for the first-half of this year. This will paid to the shareholders registered at the close of business day on August 8.

The company, which had issued a record dividend for full-year 2020, recorded group-wide revenues of Dh26.4 billion, which is a 3.2 per cent year-on-year increase, while consolidated net profit – after the federal royalty payout – was Dh4.7 billion, which is a 3.9 per cent gain. Net profit margin came to an impressive 18 per cent. The Group’s subscriber base is now at 156 million.

“Etisalat Group’s strong results in the first-half of 2021 is an outcome of our sincere efforts to drive growth and generate efficiencies,” said Hatem Dowidar, CEO. [And] “with an unwavering commitment to key strategic priorities to enable a digital future and drive digital innovation across our operations. Despite the challenges in our key markets, our businesses delivered growth in revenue, net profit and operating free cashflow.”

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