E& AGM approves 83 fils dividend per share for FY 2024

Zawya

16-04-2025

Record-breaking financial performance with consolidated revenues of AED 59.2 billion (+10.1%) and net profit of AED 10.8 billion (+4.3%) in 2024
Approved AED 0.83 per share dividend, reinforcing the Group's progressive dividend policy and shareholder value creation
Consolidated EBITDA reached AED 26.5 billion (+2.7%)
Global subscriber base grew to 189.3 million, an 11.7% increase year-over-year, demonstrating continued customer acquisition and engagement
Expanded presence across 38 countries, leveraging telecom and digital capabilities across the Middle East, Africa, Asia, and Europe
Named 'World's Fastest-Growing Brand' by Brand Finance, recognizing strategic brand and business transformation
e& UAE achieved the world's fastest mobile network speeds, highlighting leadership in 5G infrastructure and digital innovation
Abu Dhabi: e& held its Annual General Meeting (AGM) today, where shareholders reviewed the Group's 2024 performance and reaffirmed their confidence in its transformation into a leading global technology group.
The AGM approved the Board's recommendation for FY 2024 of cash dividend of 83 fils (AED 0.83) per share for the fiscal year 2024 — further reinforcing e&'s commitment to delivering consistent value through a progressive dividend policy announced last year for its shareholders.
H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, stated: '2024 was another successful year marked by accelerated growth and impressive progress with our strategy to transform into a global technology company.
'e& delivered record consolidated revenues of AED 59.2 billion growing 10.1 per cent, and record net profit of AED 10.8 billion, growing 4.3 per cent in 2024. These achievements were underpinned by key strategic decisions made by the Board, including progressing on geographic expansion and revenue diversification and scaling up digital verticals. These measures have not only reinforced our financial resilience but also positioned e& to capitalise on new opportunities while ensuring sustainable long-term value for our stakeholders.'
H.E. Alzaabi added: 'As we look to the future, e& is committed to growth and transformation across 38 countries in the Middle East, Africa, Asia, and Central and Eastern Europe. Our ambition is to innovate, lead, and deliver greater value for those we serve. Together, we will continue shaping a brighter, more digitally empowered future.'
Hatem Dowidar, Group Chief Executive Officer of e&, said: '2024 was a year of 'more' — more impact, more opportunities, more growth, and more passion for excellence. It marked a successful chapter in our transformation journey as we continued to evolve into a global technology leader. We leveraged our presence of telecom and digital services across 38 countries to deliver enhanced dividends and a stronger performance, cementing trust among our stakeholders. Through superior connectivity, advanced digital solutions, and AI-driven innovations, we will continue to empower our customers and the communities we serve.
'As we look ahead, we do so with a clear vision: to lead with purpose, collaborate with impact, and innovate for the future. 2025 will see us deepen our focus on digital transformation, scale our AI and data-driven solutions, and drive inclusivity in technology access. With the support of our talented teams, trusted partners, and loyal customers, we are poised to continue empowering communities, transforming industries, delivering sustainable value for generations to come, and always go for more.'
e& strengthened its global leadership through strategic investments and high-impact initiatives. The Group was recognised as the 'World's Fastest-Growing Brand' by Brand Finance and expanded its footprint through landmark partnerships and acquisitions.
e& UAE earned global recognition for delivering the fastest mobile network speeds worldwide a clear reflection of its continued leadership in 5G innovation and infrastructure.
2024 financial highlights
e& has delivered record financial performance in 2024, reporting a consolidated net profit of AED 10.8 billion, an increase of 4.3 per cent year-over-year (YoY). This milestone reflects three years of strategic transformation, reinforcing the Group's position as a global technology group.
Consolidated revenues reached AED 59.2 billion, growing 10.1 per cent driven by growth across all business verticals. Consolidated EBITDA rose by 2.7 per cent YoY at constant exchange rates, reaching AED 26.5 billion. The group's total subscriber base grew to 189.3 million, marking an 11.7 per cent increase compared to 2023.
About e&
e& is a global technology group committed to advancing the digital future across markets in the Middle East, Asia, Africa and Europe. With the group's financial performance in 2024 showing a consolidated revenue of AED 59.2 billion and a net profit of AED 10.8 billion, e& continues to maintain its position as a financial powerhouse, reflected by its strong credit rating and solid balance sheet.
Founded in Abu Dhabi over 48 years ago, e& has evolved from a telecom pioneer into a technology group. Its footprint now spans 38 countries, offering a comprehensive portfolio of innovative digital services ranging from advanced connectivity, entertainment, streaming and financial services to AI-powered solutions, cloud computing, ICT, cybersecurity and IoT platforms.
The Group is structured around five core business pillars: e& UAE, e& international, e& life, e& enterprise and e& capital, each catering to distinct customer and market needs. These pillars empower e& to lead in various sectors, from telecom and digital lifestyle to enterprise services and venture investments. The ongoing strategic investments in AI, IoT, 5G and cloud services reinforce its leadership in the global technology landscape, driving the future of smart connectivity and innovation.
Driven by innovation, sustainability and a commitment to digital empowerment, e& is set on creating a smarter, more connected future for individuals, businesses and communities.
To learn more about e&, visit eand.com.