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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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