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Etisalat’s board proposes 40 fils/share dividends for H2-19

Etisalat’s board proposes 40 fils/share dividends for H2-19
Dividends for the full year may reach 80 fils/share
Etisalat
ETISALAT
-4.85% 13.74 -0.70

Abu Dhabi – Mubasher: Emirates Telecommunication Group’s (Etisalat) board has recommended the distribution of 40 fils per share in cash dividends for the second six months of the fiscal year 2019.

The proposed dividends – if approved – will see the company’s dividends for the full year reach 80 fils per share, according to a statement released on Tuesday.

It is noteworthy that Etisalat registered AED 8.693 billion net profit during the fiscal year 2019, growing by 0.90% year-on-year in 2019 from AED 8.615 billion in 2018.