UAE telecom giant e& has approved a cash dividend of 83 fils (AED 0.83) per share for the fiscal year 2024, reinforcing its commitment to delivering consistent value to shareholders through its progressive dividend policy, which was introduced last year.
The announcement was made during e&’s Annual General Meeting (AGM) held on April 15, where shareholders reviewed the group’s performance for 2024 and expressed confidence in the company’s transformation into a global technology leader.
Chairman Jassem Mohamed Bu Ataba Alzaabi highlighted that 2024 marked another successful year, noting accelerated growth and significant progress in e&’s strategy to become a global technology company. He said, “e& delivered record consolidated revenues of AED 59.2 billion, a 10.1% increase, and a record net profit of AED 10.8 billion, growing by 4.3% in 2024. These achievements are the result of key strategic decisions, including geographic expansion, revenue diversification, and scaling up digital verticals.”
Alzaabi emphasized that these strategic moves have not only strengthened the company’s financial resilience but also positioned e& to seize new opportunities and ensure long-term sustainable value for stakeholders.
Looking ahead, Alzaabi reiterated e&’s commitment to growth and transformation across 38 countries in the Middle East, Africa, Asia, and Central and Eastern Europe. He said, “Our ambition is to innovate, lead, and deliver greater value for those we serve, shaping a brighter, more digitally empowered future.”
Group CEO Hatem Dowidar echoed this sentiment, describing 2024 as a year of “more” — more impact, growth, opportunities, and excellence. He stated, “It marked a successful chapter in our transformation into a global technology leader. We leveraged our presence across 38 countries to deliver enhanced dividends and stronger performance, building trust among our stakeholders. With superior connectivity, advanced digital solutions, and AI-driven innovations, we will continue to empower our customers and the communities we serve.”
Looking forward, Dowidar emphasized e&’s vision for 2025, focusing on digital transformation, scaling AI and data-driven solutions, and driving inclusivity in technology access. “With the support of our teams, trusted partners, and loyal customers, we are poised to continue empowering communities, transforming industries, and delivering sustainable value for generations to come,” he added.
