Emirates Telecom. Group Company (Etisalat Group) PJSC

The Emirates Telecommunications Group Company (Etisalat Group), also known as "e&", has pledged to invest $6 billion from 2024 to 2026 in technological advancement, infrastructure development, and innovative digital solutions. This commitment was made to the International Telecommunication Union's (ITU) Partner2Connect Digital Coalition at the Mobile World Congress. The investment aims to extend meaningful connectivity to everyone across the group's operating countries in Africa, Asia, and the Middle East. This initiative is part of the group's business plan to provide accessible and affordable network connectivity and digital services.

The report presents the consolidated financial statements of Emirates Telecommunications Group Company PJSC for the year ending 31 December 2023. The document provides an overview of the company's financial performance, including revenue, expenses, net profit, and other key financial indicators. It also includes commentary on the company's performance and future outlook. The report is intended for stakeholders interested in the company's financial health and strategic direction.

The Board of Directors of Emirates Telecommunications Group Company (Etisalat Group) held a meeting on 15th February 2024, attended by ten out of eleven board members. They approved the audited consolidated financial statements for the year ended 31st December 2023, prepared as per International Financial Reporting Standards (IFRS). The board proposed a final dividend distribution for the second half of the year 2023 of 40 fils per share, totaling AED 3,477,198,000. This makes the full dividends for the fiscal year 2023 to 80 fils per share (80% of the nominal value of the share). Additionally, the board recommended a new progressive dividend policy with an increase of 3 fils every year for the fiscal years 2024, 2025, and 2026, raising the dividend per share to 89 fils by fiscal year 2026.

Emirates Telecommunications Group Company PJSC has released its earnings for the fourth quarter of 2023 on 20th February 2024. The release was announced via the company's Investor Relations platform.

The document is a report and consolidated financial statements for the year ending 31 December 2023, provided by the Emirates Telecommunications Group Company PJSC. The report provides an overview of the company's financial performance and position in the specified period.

Resolution No. 297 of 2024 announces the temporary suspension of trading for the shares of Emirates Telecom. Group Company (Etisalat Group) PJSC. The suspension is due to a board of directors meeting scheduled at the same time as the trading session at ADX. The trading will be suspended from 09:00 on 20th February 2024 until ADX receives the meeting results. The resolution instructs all department heads at ADX to execute this decision in their respective fields. It also mandates that the resolution be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 15th February 2024.