Dubai: Emirates Integrated Telecommunications (du) said its shareholders approved the dividend payment at the Annual General Meeting.
They approved the recommendation of the Board of Directors for a dividend payment of Dh0.22 per share, bringing the total dividend payment for 2017 to Dh0.35 per share. This represents a record dividend payment in the history of EITC.
The AGM resulted in the appointment of new Board Members and approved Board members remuneration for the year 2017.
Highlights from 2017 include a record revenue of Dh13 billion for the year ended 2017, supported by an increase in higher quality customers and by a solid performance in the fixed line business. Net Profit after Royalty was Dh1.71 billion for the same period. Total customer numbers reached almost 9 million.
