Dubai: Emirates Integrated Telecommunications Company (du) said on Monday it has approved a special interim dividend of 0.13 fils per share and a special dividend payout of Dh0.10 fils.
This totals 0.23 fils per share for the first half of 2015.
“In light of our progressive dividend policy and supported by our strong capital position, we are delighted to announce the return of Dh1.05 billion to shareholders by way of a special and interim dividend for the first half of 2015,” said Ahmad Bin Byat, du’s chairman, in a statement.
Shareholders registered in the company’s sharebook by September 27 will be entitled to receive the dividend payout.
Another significant milestone recorded during the first half of the year was du announcing the rollout of network sharing across fixed-line services with etisalat. A controlled launch is currently underway to ensure a smooth and trouble free customer experience.
“Network sharing between du and Etisalat is a major step towards healthy competition between the two operators, and will allow du to build a greater share of the fixed-line market, reinforcing our competitive position. This fits the UAE agenda of encouraging the best in service through healthy competition,” Bin Byat added.
