E& shareholders approve 83 fils dividend per share for FY 2024
Jassem Mohamed Bu Ataba Alzaabi, Chairman of e&, stated: '2024 was another successful year marked by accelerated growth and impressive progress with our strategy to transform into a global technology company. E& delivered record consolidated revenues of Dh59.2 billion growing 10.1 per cent, and record net profit of Dh10.8 billion, growing 4.3 per cent in 2024. These achievements were underpinned by key strategic decisions made by the Board, including progressing on geographic expansion and revenue diversification and scaling up digital verticals. These measures have not only reinforced our financial resilience but also positioned e& to capitalise on new opportunities while ensuring sustainable long-term value for our stakeholders.'
Hatem Dowidar, Group Chief Executive Officer of e&, said: '2024 was a year of 'more' — more impact, more opportunities, more growth, and more passion for excellence. It marked a successful chapter in our transformation journey as we continued to evolve into a global technology leader. We leveraged our presence of telecom and digital services across 38 countries to deliver enhanced dividends and a stronger performance, cementing trust among our stakeholders. Through superior connectivity, advanced digital solutions, and AI-driven innovations, we will continue to empower our customers and the communities we serve.
E& delivered record financial performance in 2024, reporting a consolidated net profit of Dh10.8 billion, an increase of 4.3 per cent year-over-year (YoY). This milestone reflects three years of strategic transformation, reinforcing the Group's position as a global technology group.
Consolidated revenues reached Dh59.2 billion, growing 10.1 per cent driven by growth across all business verticals. Consolidated EBITDA rose by 2.7 per cent YoY at constant exchange rates, reaching Dh26.5 billion. The group's total subscriber base grew to 189.3 million, marking an 11.7 per cent increase compared to 2023.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Khaleej Times
3 hours ago
- Khaleej Times
UAE: Samsung Galaxy Z Fold7, Flip7 for as low as Dh135; pre-order opens on July 25
Samsung's next-generation foldables are almost here. In the Galaxy Unpacked event held earlier this month, the spotlight was on the Galaxy Z Fold7, Galaxy Z Flip7, and the Galaxy Watch8 Series — all of which are now confirmed to launch in the UAE on July 25. Alongside these headline-making devices, UAE consumers can also take advantage of exclusive launch offers from leading telecom providers du and e&. Whether you're upgrading your phone or bundling it with a new plan, there are plenty of options to suit your style and budget. Foldables priced from Dh135 UAE's telecom operators are offering unmissable deals for customers. Du is giving the base version of Samsung Galaxy Z Fold7 for Dh258 per month for 24 months, and Dh516 per month for 12 months. As for the base version of Samsung Galaxy Z Flip7, you can buy it for Dh135 per month for 24 months, and Dh270 per month for 12 months. All prices exclude 5% VAT. The telecom provider's exclusive offer includes up to 50 per cent off on select Power Plans for six months when you buy it with a new device. Offers from e& Customers can double their storage and unlock a premium Samsung membership subscription when they pre-order the Galaxy Z Fold 7 or Galaxy Z Flip 7 from e&. For Fold7, the prices start at Dh320 per month for 24 months, whereas, for Flip7, Dh185 for 24 months. Both prices are inclusive of 5% VAT. Galaxy Z Fold7 Samsung's most advanced foldable yet, the Galaxy Z Fold7 sports an expansive 8.0-inch QXGA+ main display, complemented by a 6.5-inch FHD+ cover screen for productivity on the go. Despite its immersive size, the Fold7 weighs just 215g and measures a sleek 4.2mm when unfolded, making it Samsung's slimmest and lightest Fold to date. Major camera upgrades include a 200MP wide-angle rear lens, while under the hood, it's powered by the Snapdragon 8 Elite for Galaxy processor. It's available in configurations of up to 16GB RAM and 1TB of storage, is great for multitaskers and power users. Galaxy Z Flip7 Redefining fashion-forward tech, the Galaxy Z Flip7 brings a larger 4.1-inch Super AMOLED cover display with a fluid 120Hz refresh rate, ideal for checking notifications, snapping selfies, or controlling widgets without opening the phone. Inside, a 6.9-inch Dynamic AMOLED 2X display delivers vibrant visuals, while the new Exynos 2500 chipset, 12GB RAM, and up to 512GB storage promise smooth performance. The upgraded 50MP main camera and a larger 4,300mAh battery round out the key improvements. The Flip7 is available in bold new shades including Blue Shadow, Jet Black, Coral Red, and an online-exclusive Mint finish. UAE pricing and availability All devices are now available for pre-order in the UAE, with general retail availability starting July 25. The price for Galaxy Z Fold7 starts from Dh7,599 with 12GB RAM and 256GB Storage. It comes in four colours: Silver Shadow, Jet Black, Mint and Blue Shadow. Prices go up to Dh9,349. The Galaxy Z Flip7 is priced at Dh4,299 with 12GB RAM and 256GB Storage, and an entry-level 128GB model, the Flip7 FE, with a price tag of Dh3,499.
Zawya
5 hours ago
- Zawya
Automotive e-fuel market to grow 33.1% CAGR by 2034: report
The global automotive e-fuel market is expected to reach a value of $42.1 billion by 2034, growing at a compound annual growth rate (CAGR) of 33.1 per cent from 2025 to 2034. Governments are using strict emissions regulations to encourage the use of e-fuels to reduce greenhouse gas emissions, offering financial incentives for companies to develop sustainable fuel technologies, according to a report by Global Market Insights. E-fuels are considered a sustainable option for reducing emissions in sectors where electricity supply is not feasible, including aviation and shipping. Expanding e-fuels production will help meet the growing demand for sustainable alternatives to traditional fossil fuels. E-fuels are compatible with existing gasoline and diesel engines, making them a cost-effective solution for reducing carbon emissions without requiring immediate replacement of vehicle fleets. This makes them a versatile option for reducing emissions in transportation sectors that are difficult to convert to electricity. In 2024, the US DOE 45ZCF-GREET guidelines listed renewable gasoline (HEFA-derived e-gasoline) as meeting ASTM D4814, signifying that drop-in e-gasoline can be used directly in existing gasoline engines and supply chains without alteration. E-fuels reduce reliance on oil imports by offering a domestic alternative and enhance fuel supply stability by providing a storable liquid energy source, ensuring consistent availability. Using renewable energy to make e-fuels ensures they are carbon-neutral, cutting overall emissions compared to fossil fuels. In 2024, US EIA data show motor gasoline imports fell by 75,000 b/d to 651,000 b/d, and DOE projects that scaled e-fuel production could further decrease oil import dependence. Manufacturers aim to reduce carbon emissions and implement eco-friendly production processes to minimise their environmental impact and enhance their reputation among consumers. This commitment is leading to more investment in technologies that reduce carbon emissions, including hydrogen fuel cells and biofuels. For instance, Brazil's Ministry of Mines and Energy approved GM's $1.42 billion investment to produce ethanol-capable hybrid-flex vehicles, leveraging local biofuels policies to lower transport emissions. Energy firms and automakers are collaborating to build e-fuel production and distribution networks, leveraging their expertise to create efficient and sustainable energy solutions for the transportation sector. These partnerships aim to accelerate the transition to cleaner energy sources and reduce carbon emissions in the transportation sector. The rising consumer ESG pressure and demands for sustainable options push manufacturers to offer e-fuel-compatible vehicles to meet evolving consumer preferences. This shift towards environmentally friendly products is motivated by an increasing awareness of how conventional gasoline-powered vehicles impact the environment. Efforts are concentrated on reducing costs along the e-fuel supply chain, with a specific emphasis on expanding green hydrogen production. For instance, in 2024, global electrolyser CapEx fell by about 45 per cent compared to 2021, enabling green hydrogen scale-up and cutting e-fuel production costs throughout logistics and processing. The global market for automotive e-fuel was valued at $1.9 billion, $2 billion, and $2.6 billion in 2022, 2023, and 2024, respectively. The market is segmented into e-gasoline, e-diesel, e-kerosene, ethanol, and e-methanol. The US automotive e-fuel market is valued at $160 million, $170 million, and $220 million in 2022, 2023, and 2024, respectively. This market is driven by strong R&D investment, tech innovation, and state-level policies. The European automotive e-fuel market is expected to grow at a CAGR of 31.6 per cent till 2034, driven by strict emission regulations and ambitious carbon-neutral targets. Major policy frameworks and government funding accelerate e-fuel production and adoption across all transport sectors. The Asia Pacific automotive e-fuel market is estimated to reach $6.2 billion by 2034, with the region prioritising technological development and e-fuel integration to meet growing energy demands. The push for sustainable energy solutions is fuelled by increasing awareness of climate change and the need for cleaner alternatives. Japan reaffirmed its Basic Hydrogen Strategy in 2023, aiming for 15 GW of water electrolyser installations by 2030. The Middle East & Africa automotive e-fuel market is expected to grow at a CAGR of 33.3 per cent up to 2034, with growing investments highlighting the region as a future low-cost e-fuel producer and exporter. The Latin America automotive e-fuel market is expected to grow at a CAGR of 32.2 per cent till 2034, with abundant renewable resources for cost-competitive green hydrogen production. The top four companies in this market are Porsche, HIF Global, Arcadia eFuels, and Norsk e-Fuel, accounting for approximately 30 per cent of the market share. These firms focus on producing synthetic fuels using renewable energy, green hydrogen, and captured CO2, enabling near carbon-neutral operation of ICE vehicles and supporting decarbonisation in the automotive sector. Porsche has heavily invested in e-fuel production to complement its electromobility strategy, particularly for high-performance ICE vehicles. -OGN / TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
ARN News Center
a day ago
- ARN News Center
Dubai RTA Completes 22 New Bus Stations
The Roads and Transport Authority (RTA) has announced the completion of 22 new public bus stations across Dubai, a significant step forward in the emirate's mission to expand and modernise its public transportation infrastructure. The new facilities include 16 passenger stations and 6 bus shelters strategically developed to serve Dubai's growing population and enhance commuter experience. The project forms part of the RTA's broader strategic plan aimed at creating an integrated, safe, and reliable transport system that meets the evolving needs of both residents and visitors. His Excellency Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors at RTA, emphasised the initiative's role in supporting Dubai's long-term mobility goals. 'This project reflects our continued commitment to developing public transport infrastructure and promoting increased use of mass transit for daily mobility,' said Al Tayer. #RTA has completed improvements of 22 public bus stations across #Dubai. The station development project complements RTA's investment in a modern fleet of public buses that meet the highest standards of safety, comfort, and quality. The buses comply with the European 'Euro 6'… — RTA (@rta_dubai) July 20, 2025 In addition to serving passengers, the newly constructed bus shelters will also play a vital operational role. They will function as key facilities for the maintenance and cleaning of Dubai's public bus fleet, which currently includes 1,387 vehicles. The development aligns with Dubai's vision of a smart and sustainable transport network and marks another milestone in its efforts to reduce road congestion and carbon emissions through greater reliance on public transport.
