e& Approves AED 0.83 Dividend Per Share for FY 2024 Amid Record Financial Performance
e&, the global technology and investment group, has announced the approval of a cash dividend of 83 fils (AED 0.83) per share for the fiscal year 2024 during its Annual General Meeting (AGM). The decision reaffirms the Group’s progressive dividend policy and underscores its ongoing commitment to delivering consistent value to shareholders.
The AGM, held in Abu Dhabi, reviewed the Group’s exceptional performance in 2024, which marked another year of accelerated growth and strategic transformation. e& recorded consolidated revenues of AED 59.2 billion, reflecting a 10.1% year-over-year increase, and a net profit of AED 10.8 billion, up 4.3% from 2023.
H.E. Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, stated:
“2024 was another successful year, driven by strategic expansion, digital transformation, and innovation. Our performance demonstrates financial resilience and positions us to capitalize on new opportunities while creating sustainable long-term value for stakeholders.”
He highlighted the Group’s expanding presence in 38 countries across the Middle East, Africa, Asia, and Europe, reinforcing e&’s global tech leadership and growth ambitions.
Hatem Dowidar, Group Chief Executive Officer of e&, added:
“2024 was a year of more—more growth, more innovation, and more value for our customers and shareholders. We continue to evolve as a global technology leader, empowered by connectivity, AI-driven innovations, and data-centric solutions. Looking ahead, 2025 will bring deeper digital transformation, expanded AI solutions, and greater access to technology for all.”
Key Financial Highlights for 2024:
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Net Profit: AED 10.8 billion, up 4.3% YoY
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Consolidated Revenue: AED 59.2 billion, up 10.1% YoY
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EBITDA: AED 26.5 billion, a 2.7% increase
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Subscriber Base: 189.3 million users, growing 11.7% year-over-year
In 2024, e& was recognized by Brand Finance as the World’s Fastest-Growing Brand, a testament to its strategic reinvention and bold brand positioning. Additionally, e& UAE achieved global distinction for delivering the world’s fastest mobile network speeds, highlighting its continued leadership in 5G infrastructure and digital innovation.
The Group’s performance is a reflection of three years of strategic transformation, focused on diversifying revenue streams, investing in future technologies, and reinforcing e&’s place as a global digital leader.
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