28 April 2025, Mon |
7:37 AM
e& AGM reviewed 2024 results, approved 83 fils dividend, and reaffirmed commitment to global tech growth, digital innovation, and long-term value.
e& held its Annual General Meeting (AGM), where shareholders reviewed the Group’s financial performance for 2024 and reaffirmed their confidence in its transformation into a global technology group.
At the e& AGM, a cash dividend of 83 fils (AED 0.83) per share was approved for the fiscal year 2024. This aligns with the Group’s progressive dividend policy and highlights its commitment to delivering long-term shareholder value.
H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, noted that 2024 delivered strong results. The Group reported AED 59.2 billion in consolidated revenue, up 10.1%, and AED 10.8 billion in net profit, a 4.3% increase. These achievements reflect effective strategic decisions, geographic expansion, and investments in digital growth.
He added that e& continues to focus on long-term value creation across 38 countries in the Middle East, Africa, Asia, and Central and Eastern Europe. The Group remains committed to innovation, digital transformation, and sustainable growth.
Group CEO Hatem Dowidar described 2024 as a year of growth and transformation. He highlighted e&’s ability to scale its telecom and digital services, increase returns, and build stakeholder trust. The Group remains focused on driving digital innovation and expanding AI-powered solutions.
Looking ahead to 2025, e& aims to strengthen its position by advancing its technology offerings, enhancing customer experiences, and improving access to digital services across markets.
In addition to financial performance, e& was named the world’s fastest-growing brand by Brand Finance. The Group expanded its global reach through strategic partnerships and acquisitions. e& UAE also earned recognition for delivering the fastest mobile network speeds globally, confirming its leadership in 5G innovation.
The e& AGM reinforced the Group’s vision for continued growth, supported by a clear strategy, strong performance, and focus on delivering long-term value to shareholders and communities.
