ABU DHABI / WAM
At Etisalat’s Annual General Meeting (AGM) shareholders have backed the board’s recommendation to pay full-year 2018 dividends of 80 fils per share and approved the proposal of lifting restrictions on the voting rights of foreign shareholders.
Etisalat Group consolidated revenues reached AED52.4 billion while consolidated net profit after Federal Royalty reached AED8.6 billion, an increase of 2.4 percent compared to the same period last year.
At the AGM, held at the company’s headquarters in Abu Dhabi, Eissa Mohamed Al-Suwaidi, Chairman, Etisalat Group said, “Our journey in 2018, marks another successful year for Etisalat in realising its vision towards driving the digital future to empower societies. As a group, we focused on strengthening our core business, expanding and enriching our digital portfolio, and diversifying into new growth opportunities. We have increased the effort on transforming Etisalat into an agile and more efficient company.”
“With the emergence of the digital era, there have been dynamic changes and rapid developments in the global telecom sector.”