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e& Announces Record 2024 Financial Results with Dh10.8 Billion Net Profit and 83 Fils Dividend
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In a landmark decision, e& shareholders have enthusiastically approved the Board's recommendation for a cash dividend of 83 fils (Dh0.83) per share for fiscal year 2024, marking another year of exceptional performance for the global technology leader.
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, proudly announced: "2024 stands as a testament to our strategic vision and execution excellence. We've achieved unprecedented milestones with record consolidated revenues soaring to Dh59.2 billion - an impressive 10.1% growth - while net profit climbed to Dh10.8 billion, reflecting a solid 4.3% increase. Our transformation into a global tech powerhouse continues gaining momentum through strategic geographic expansion and digital innovation."
The company's Group CEO Hatem Dowidar emphasized their breakthrough year: "2024 redefined what 'more' means for e& - more technological impact, more market opportunities, more sustainable growth, and more commitment to excellence than ever before. Our presence across 38 countries has enabled us to deliver superior value through cutting-edge telecom services and digital solutions powered by AI innovation."
The financial highlights reveal an organization firing on all cylinders:
Record-breaking profitability: Dh10.8 billion net profit (4.3% YoY growth)
Revenue surge: Consolidated revenues hit Dh59.2 billion (10.1% increase)
Sustained EBITDA growth: Reached Dh26.5 billion at constant exchange rates
Expanding customer base: Total subscribers grew 11.% to reach million worldwide
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Advertisement
E& Enterprise and Microsoft Forge Powerful AI Alliance to Accelerate Digital Transformation Across MENAT
In a landmark collaboration set to reshape the technological landscape, E& Enterprise, the digital transformation powerhouse of global technology conglomerate e&, is significantly expanding its strategic alliance with Microsoft. This strengthened partnership places artificial intelligence at the forefront of regional development, with both tech leaders committing to accelerate AI adoption through cutting-edge solutions tailored for key markets throughout the Middle East, North Africa and Turkey (MENAT) region.
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Fresh analysis from Alvarez & Marsal (A&M) reveals the UAE's ten largest listed banks collectively saw net income surge to Dh22.2 billion - an impressive 8.4% increase compared to the previous quarter. This stellar performance was driven by a remarkable 59.3% reduction in impairment charges a
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e& has kicked off 2026 with outstanding financial results, demonstrating remarkable growth across all business segments and reinforcing its status as an innovator in the digital landscape. The company's strategic vision continues to drive significant value creation, positioning it as one of the most dynamic players in the global technology sector.
The Group reported consolidated revenues of Dh16.9 billion for the first quarter, marking an impressive 18.7% year-over-year increase. Net profits soa
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e& UAE Launches Innovative Kids SIM Card with Advanced Parental Controls
In a groundbreaking move to promote child digital safety, UAE telecom giant e& (formerly Etisalat) has unveiled a specialized SIM card tailored specifically for young users, empowering parents with unprecedented control over their children's online experiences.
The innovative Kids SIM solution offers two budget-friendly monthly packages at Dh49 and Dh99, packed with features that blend connectivity with security:
Generous local calling allowances
Uninterrupted data access around the clock
Compl
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In a landmark collaboration set to reshape the technological landscape, E& Enterprise, the digital transformation powerhouse of global technology conglomerate e&, is significantly expanding its strategic alliance with Microsoft. This strengthened partnership places artificial intelligence at the forefront of regional development, with both tech leaders committing to accelerate AI adoption through cutting-edge solutions tailored for key markets throughout the Middle East, North Africa and Turkey (MENAT) region.
UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds
The UAE's banking sector has defied global economic challenges to deliver an impressive first quarter performance in 2026, with the nation's top lenders reporting robust growth across key financial metrics.
Fresh analysis from Alvarez & Marsal (A&M) reveals the UAE's ten largest listed banks collectively saw net income surge to Dh22.2 billion - an impressive 8.4% increase compared to the previous quarter. This stellar performance was driven by a remarkable 59.3% reduction in impairment charges a
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The Group reported consolidated revenues of Dh16.9 billion for the first quarter, marking an impressive 18.7% year-over-year increase. Net profits soa