Abu Dhabi: eand held its Annual General Meeting (AGM) today, where shareholders reviewed the Group’s 2024 performance and reaffirmed their confidence in its transformation into a leading global technology group. The AGM approved the Board’s recommendation for a cash dividend of 83 fils (AED0.83) per share for the fiscal year 2024, reinforcing eand’s commitment to delivering consistent value through a progressive dividend policy announced last year for its shareholders.
According to Emirates News Agency, Jassem Mohamed Bu Ataba Alzaabi, Chairman of eand, stated that 2024 marked a year of accelerated growth and impressive progress in their strategy to evolve into a global technology company. eand achieved record consolidated revenues of AED59.2 billion, a 10.1 percent increase, and a net profit of AED10.8 billion, growing 4.3 percent in 2024. These results were achieved through strategic decisions by the Board, including geographic expansion and revenue diversification, which have strengthened eand’s financial
resilience and positioned the group to seize new opportunities while ensuring sustainable long-term value for stakeholders.
Alzaabi emphasized eand’s commitment to growth and transformation across 38 countries in the Middle East, Africa, Asia, and Central and Eastern Europe. The ambition is to innovate, lead, and deliver greater value, shaping a digitally empowered future. Hatem Dowidar, Group Chief Executive Officer of eand, highlighted that 2024 was a year of impact, opportunities, growth, and passion for excellence. The company advanced in its transformation journey, leveraging telecom and digital services across 38 countries to enhance dividends and performance, solidifying trust among stakeholders.
eand’s strategic investments and initiatives enhanced its global leadership, earning recognition as the ‘World’s Fastest-Growing Brand’ by Brand Finance. The Group expanded its footprint through key partnerships and acquisitions. eand UAE was globally recognized for delivering the fastest mobile network spee
ds, highlighting its leadership in 5G innovation and infrastructure.
The company’s record financial performance in 2024 reflects three years of strategic transformation, reinforcing its position as a global technology group. Consolidated revenues of AED59.2 billion grew 10.1 percent, driven by growth across all business verticals. Consolidated EBITDA rose by 2.7 percent year-over-year at constant exchange rates to AED26.5 billion. The group’s total subscriber base increased to 189.3 million, marking an 11.7 percent growth compared to 2023.