Emirates Integrated Telecommunications Co PJSC (DU) News - Mubasher Info
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08 January 03:18 AM

Emirates Integrated Telecommunications Co PJSC (DU)

Last update: 7 January 02:58 PM market time.
9.94
0.07
0.71%
Open 9.87
Previous Close 9.87
High 9.97
Low 9.75
Stock Statistics
Volume 3,380,321
Turnover 33,543,705.13
All data are 15 minutes late during market session

News

The UAE will gradually shut down the 2G network
25 August 2021 00:44 PM du to close 2G networks as per TDRA's decision
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) will be closing its 2G networks as per the decision of the Telecommunications and Digital Government Regulatory Authority (TDRA). The TDRA previously announced that the UAE will …
General News
The company generated revenues of AED 5.738 billion in H1-21
26 July 2021 02:40 PM du records lower profits in H1-21; dividends proposed
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) reported a decline in net profits to AED 496.997 million during the first half (H1) of 2021, compared to AED 570.411 million in the same half of 2020, as shown by the company's …
Financial Results
The partnership will allow organisations to reduce risks
4 July 2021 00:06 PM du, Wipro launch new Multi-Cloud platform in UAE
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and Wipro Limited have launched a new Multi-Cloud platform to deliver market-leading multi-cloud management and migration capabilities. The new platform comes in line with the …
Companies Investments
Nokia will offer its latest innovative and end-to-end enterprise solutions
28 June 2021 00:54 PM du partners with Nokia to develop new 5G use cases for UAE's industrial sectors
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has entered into a Memorandum of Understanding (MoU) with Nokia to develop new 5G use cases to accelerate the digital transformation of enterprises in the UAE. The use cases …
Companies Investments
The new solution will facilitate the exchange of information between government entities
22 June 2021 00:59 PM du partners with DAFZA to launch UAE's first NOC blockchain service
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has entered into a strategic partnership with the Dubai Airport Free Zone Authority (DAFZA) to launch the UAE's first locally hosted blockchain service, the Blockchain Edge. The …
Companies Investments
du will offer the infrastructure coupled with Philips’ technological advancements
8 June 2021 11:15 AM du partners with Philips to accelerate digital transformation in UAE's healthcare
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) and Philips, a global leader in health technology, has inked a Memorandum of Understanding (MoU) to accelerate the data-driven transformation of healthcare in the UAE, marking …
Companies Investments
Al Hassawi has been acting as the company's CEO
8 June 2021 09:30 AM du appoints new CEO
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has appointed Fahad Al Hassawi as the CEO, according to a bourse filing on Tuesday.  Al Hassawi has been acting as the company's CEO since 17 September 2020, following …
Management Decisions
The financing comprises a five-year revolving credit facility
4 May 2021 00:08 PM du signs AED 3.769bn financing agreements
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has inked long-term financing agreements valued at AED 3.769 billion with a group of banks. The financing comprises a five-year revolving credit facility worth AED 1.981 billion …
Companies Investments
The leased line will meet service level demands for critical end-use applications
28 April 2021 01:33 PM du deploys UAE's first 5G leased line
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has deployed the UAE's first 5G leased line for China State Construction Engineering CorporationMiddle East (CSCEC ME) office in the Dubai Industrial City. The leased line will …
Companies Investments
The EPS settled at AED 0.06 in Q1-21
27 April 2021 09:45 AM du's annual net profits decline in Q1-21
Dubai – Mubasher: The net profits of Emirates Integrated Telecommunications Company (du) decreased to AED 257.149 million during the first quarter (Q1) of 2021 from AED 355.117 million in the same quarter of 2020, according to the company's …
Financial Results
The three companies comprise Aramex, Air Arabia, and DU
6 April 2021 01:27 PM DFM plans to launch new equity futures contracts on three listed companies
Dubai – Mubasher: The Dubai Financial Market (DFM) plans to launch new equity futures contracts on individual stocks of three listed companies on 18 April 2021 to diversify investment opportunities. The three companies comprise Aramex, Air Arabia, …
Companies Investments
Photo Archive
28 March 2021 03:06 PM du appoints new chairman; approves AED 0.15/shr dividends
Dubai – Mubasher: The board of Emirates Integrated Telecommunications Company (du) has appointed Mohamed Hadi Al Hussaini as the company’s chairman, during the meeting held on 25 March. Meanwhile, Sara Musallam has been appointed as …
General Assembly
The UAE nationals are allowed to hold shares up to 100%
23 February 2021 09:53 AM du increases foreign ownership limits to 49%
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has raised the foreign ownership limit up to a maximum of 49% of its share capital. The UAE nationals and wholly-owned UAE establishments, companies, and authorities are also …
Management Decisions
This move is part of du's major network expansion
22 February 2021 02:36 PM du selects Ericsson to transform 5G RAN
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has selected Ericsson, listed on Nasdaq Stockholm and Nasdaq New York, to use its state-of-the-art 5G radio access network (RAN) products and solutions. This move is part …
Companies Investments
The company generated revenues of AED 11.08bn in 2020
9 February 2021 09:38 AM du reports lower net profits in 2020; dividends proposed
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) reported a decrease in net profits to AED 1.44 billion in 2020, compared to AED 1.73 billion in the earlier year. The company generated revenues of AED 11.08 billion in 2020, …
Cash Dividends
du has allowed non-UAE nationals to own shares up to 49% of the capital
21 January 2021 10:47 AM du, Etisalat increase foreign ownership limit to 49%
UAE – Mubasher: Emirates Integrated Telecommunications Company (du) and Emirates Telecommunication Group (Etisalat) have raised their foreign ownership limit to 49%. Etisalat Group has increased the ownership limit for non-UAE nationals from 20% …
Companies Investments
The new paperless property rental platform is the UAE's first locally hosted blockchain service
10 December 2020 10:22 AM du, Smart Dubai launch blockchain paperless property rental platform
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has partnered with Smart Dubai to launch a new paperless property rental platform, powered by blockchain technology, to handle business processes among four connected UAE …
Companies Investments
The two centres will be established in the DSO and the KIZAD
6 December 2020 05:18 PM du to open two outsourcing data centres in Dubai, Abu Dhabi
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) will inaugurate two outsourcing data centres in the first quarter (Q1) of 2021 to support UAE government and financial organisations. The two centres will be established in …
Companies Investments
The company's revenues amounted to AED 8.34bn in 9M
22 October 2020 09:48 AM du's profits increase to AED 1.39bn in 9M
Dubai – Mubasher: The net profits of Emirates Integrated Telecommunications Company (du) rose to AED 1.39 billion during the first nine months of 2020, compared to AED 1.29 billion in the corresponding period of 2019. The company's revenues …
Financial Results
The company also appointed Ahmad Julfar as the managing director
20 September 2020 11:14 AM du appoints new acting CEO
Dubai – Mubasher: Emirates Integrated Telecommunications Company (du) has named Fahad Al Hassawi as a new acting CEO of the company, according to the company's disclosure to the Dubai Financial Market (DFM) on Sunday. Al Hassawi has assumed the …
Management Decisions
The transaction will result in net profits of about AED 521m
15 September 2020 11:20 AM du sells indirect stake in Khazna Data Centre for AED 800m
Dubai – Mubasher: EITC Investment Holdings, a wholly-owned subsidiary of Emirates Integrated Telecommunications Company (du), has inked an AED 800 million agreement to sell its 26% stake in Khazna Data Centre Limited to Technology Holding Company, …
Companies Investments
Technology Holding Company is the current 74% shareholder in Khazna
9 September 2020 09:55 AM du's board approves to sell stake in Khazna Data Centre
Dubai – Mubasher: The board of Emirates Integrated Telecommunications Company (du) has agreed on selling its 26% indirect stake, including its interest in shareholder loans, in Khazna Data Centre Limited to Technology Holding Company. Technology …
Board of Directors
The company saw revenues of AED 5.656 billion in H1-20
22 July 2020 10:16 AM du earnings decline to AED 570m in H1-20
Dubai – Mubasher: The net profits of Emirates Integrated Telecommunications Company (du) retreated to AED 570.411 million during the first half (H1) of 2020, compared to AED 913.278 million in the year-ago period. During the second quarter (Q2) of …
Cash Dividends
The revenues reached AED 2.988bn in the Q1-2020
22 April 2020 09:59 AM du achieves AED 355m profits in Q1-20
Dubai – Mubasher: The net profits of Emirates Integrated Telecommunications Company (du) decreased by nearly 20.1% to AED 355.117 million during the first quarter (Q1) of 2020 from AED 449.463 million during the same quarter of 2019. The company's …
Financial Results
The H2-2019 dividends will be paid starting 10 May
15 April 2020 10:18 AM du's shareholders approve AED 0.21/shr dividends for H2-19
Dubai – Mubasher: The ordinary general meeting (OGM) of Emirates Integrated Telecommunications Company (du) has agreed on distributing cash dividends of AED 0.21 per share for the second half (H2) of 2019. The dividend pay-out for H2-2019 brings …
Cash Dividends