Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of e& has approved a cash dividend distribution of AED 0.40 per share for the second half (H2) of 2021.
The total amount of cash dividends will increase to 80 fils per share for 2021, equivalent to 80% of the nominal value, according to a bourse filing on Wednesday.
The Chairman of e&, Jassem Mohamed Bu Ataba Alzaabi, said: "As we enter the next chapter of our journey, we are confident that we will continue to witness even greater success as we continue to create an environment with limitless possibilities built on solid foundations, smart connectivity, and fruitful collaborative opportunities."
The GCEO of e&, Hatem Dowidar, commented: "We have come this far because we have capitalised our efforts in providing outstanding customer services at all times even with the rapid changes the business landscape is seeing. We’ve already invested in future technologies to continue enhancing our customers’ experience."
It is noteworthy to mention that in 2021, the company recorded consolidated net profits of AED 9.3 billion, up 3.2% year-on-year (YoY).