Disclosure of the profits of the UAE "Etisalat" during 2020

Disclosure of the profits of the UAE "Etisalat" during 2020

Etisalat Group's consolidated net profit, after deducting the federal franchise, amounted to 9 billion dirhams in 2020. An increase of 3.8% compared to 2019.

Disclosure of the profits of the UAE "Etisalat" during 2020


The group’s revenues reached 51.7 billion dirhams due to the strong growth in international operations, according to the financial results issued by the group.


Etisalat’s Board of Directors proposed a dividend distribution of 40 fils per share for the second half of 2020. The total cash dividends for the year will be 80 fils per share.


The board of directors also suggested canceling the company's share purchase program and instead proposing an additional one-time dividend of 40 fils per share. This brings the total proposed dividend distribution per share to 1.20 dirhams for the year.


The consolidated profit before interest, tax, depreciation and amortization amounted to 26.4 billion dirhams, an annual increase of 0.3%. As a result, the EBITDA margin reached 51.1%.


The subscriber base of “Etisalat” in the country reached 12.2 million subscribers, while the total number of “Etisalat Group” subscribers reached 154 million subscribers, with an annual increase of 3.6%.


Both the credit rating agencies "Standard and Poor's Global" and "Moody's" confirmed the high credit rating of "Etisalat Group" of AA- / Aa3.

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