Yemen Mobile announces distribution of highest percentage of profits by 40 percent
Yemen Mobile on Tuesday announced a 40% profit distribution to shareholders for the past year, the highest in Yemen, at its General Assembly meeting in the capital Sana'a.
Minister of Communications and Information Technology Mohammed al-Mahdi lauded the company's achievements despite the "American aggression" and its role in digital transformation, urging the development of local apps.
The Minister of Finance praised Yemen Mobile as a leading company and pledged support for its growth.
Chairman of the company Essam al-Hamli highlighted the company's successful performance, network expansion (including 4G in Socotra), subscriber growth (over 13.5 million), and significant revenue and profit increases, leading to the record dividend.
Yemen Mobile is also investing in digital transformation and community support. The Executive Director stated that dividend payment dates will be communicated via SMS. The General Assembly approved the profit distribution.
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