e& Announces Record 2024 Financial Results with Dh10.8 Billion Net Profit and 83 Fils Dividend
In a landmark decision, e& shareholders have enthusiastically approved the Board's recommendation for a cash dividend of 83 fils (Dh0.83) per share for fiscal year 2024, marking another year of exceptional performance for the global technology leader.
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, proudly announced: "2024 stands as a testament to our strategic vision and execution excellence. We've achieved unprecedented milestones with record consolidated revenues soaring to Dh59.2 billion - an impressive 10.1% growth - while net profit climbed to Dh10.8 billion, reflecting a solid 4.3% increase. Our transformation into a global tech powerhouse continues gaining momentum through strategic geographic expansion and digital innovation."
The company's Group CEO Hatem Dowidar emphasized their breakthrough year: "2024 redefined what 'more' means for e& - more technological impact, more market opportunities, more sustainable growth, and more commitment to excellence than ever before. Our presence across 38 countries has enabled us to deliver superior value through cutting-edge telecom services and digital solutions powered by AI innovation."
The financial highlights reveal an organization firing on all cylinders:
Record-breaking profitability: Dh10.8 billion net profit (4.3% YoY growth)
Revenue surge: Consolidated revenues hit Dh59.2 billion (10.1% increase)
Sustained EBITDA growth: Reached Dh26.5 billion at constant exchange rates
Expanding customer base: Total subscribers grew 11.% to reach million worldwide
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e& UAE Launches Innovative Kids SIM Card with Advanced Parental Controls
In a groundbreaking move to promote child digital safety, UAE telecom giant e& (formerly Etisalat) has unveiled a specialized SIM card tailored specifically for young users, empowering parents with unprecedented control over their children's online experiences.
The innovative Kids SIM solution offers two budget-friendly monthly packages at Dh49 and Dh99, packed with features that blend connectivity with security:
Generous local calling allowances
Uninterrupted data access around the clock
Compl
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e& Reports Record Growth in Q1 2026, Solidifying Its Position as a Global Tech Leader
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The Group reported consolidated revenues of Dh16.9 billion for the first quarter, marking an impressive 18.7% year-over-year increase. Net profits soa
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UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!
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Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure
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MEVP Achieves 5x Return with Strategic Exit as Japan's giftee Acquires Majority Stake in YGG
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Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn
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Oil Prices Rally to 7-Week High on U.S.-China Trade Deal Optimism
Crude oil prices surged over 1% on Tuesday, reaching their highest level in seven weeks as renewed optimism about a potential trade agreement between Washington and Beijing boosted expectations for stronger global economic growth and higher fuel demand.
By midday trading in New York, Brent crude futures had climbed 81 cents (1.2%) to $67.85 per barrel, while U.S. benchmark West Texas Intermediate crude gained 83 cents (1.3%) to reach $66.12 per barrel.
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