Dubai: Shareholders of etisalat approved the board’s decision to pay full dividend of 70 fils per share for 2012 at its annual general meeting held on Sunday.
The telecom operator gave 60 fils per share as dividend for 2011. The group’s net profit after royalty in 2012 increased by 15 per cent year on year to Dh6.7 billion.
“On top of producing a strong financial performance that has enabled this healthy reward for our shareholders, in 2012 we invested in infrastructure that will ensure our growth for many years to come and help us cement our reputation as one of the world’s leading telecoms companies,” Eisa Al Suwaidi, the Chairman of Etisalat Group, said in a statement.
According to Ahmad Abdul Karim Julfar, Chief Executive Officer of Etisalat Group, the group will continue to aggregate its global customer base this year, which has already reached more than 139 million people in 15 operating markets.
“UAE telecoms market is likely to undergo a transformational shift facilitated by availability of high speed broadband and growing competitive intensity as demonstrated by the launch of per-second billing options by etisalat,” Bhanu Chaddha, senior research analyst at IDC, said.
