Press releases, Reports & Disclosures for Emirates Telecom. Group Company (Etisalat Group) PJSC

The Emirates Telecommunications Group Company (Etisalat Group) has issued a letter dated 19th October 2024 to the Chief Executive Officer of the Abu Dhabi Securities Exchange. The letter informs that the company's Board of Directors has approved a resolution to call for a General Assembly meeting to discuss amending the borrowing cap of "e&". The date of the General Assembly and details of the proposed amendments will be shared after receiving approval from the Securities and Commodities Authority. The letter is signed by Hasan Mohamed Al Hosani, the Group Corporate Secretary.

The Emirates Telecommunications Group Company (Etisalat Group) has announced that its Board of Directors will consider a resolution on Friday, 18th October 2024. This resolution involves calling for a General Assembly meeting to approve an amendment to the company's borrowing cap. The notification is addressed to the Chief Executive Officer of the Abu Dhabi Securities Exchange. The communication is signed by Hasan Mohamed Al Hosani, the Group Corporate Secretary.

Emirates Telecommunications Group Company (Etisalat Group) PJSC announced that the European Commission has granted approval for its acquisition of a controlling stake (50% +1 economic share) in PPF Telecom Group's assets in Bulgaria, Hungary, Serbia, and Slovakia. This approval follows extensive discussions with the Commission’s Foreign Subsidies Directorate, allowing the transaction to proceed ahead of the legal deadline. The approval includes commitments from e&, such as adhering to UAE bankruptcy laws, restrictions on financing PPF Telecom's EU business with certain exceptions, and informing the Commission of future non-notifiable acquisitions. All regulatory approvals have been obtained, with the transaction closing subject to customary terms. Further updates will be provided as necessary.

Emirates Telecommunications Group Company (Etisalat Group) PJSC, also known as e&, announced an updated shareholding in Vodafone Group plc. As of September 2, 2024, e& holds approximately 15.010% of Vodafone shares. This change is due to Vodafone's share buyback program, which reduced its total share capital. e&'s total number of shares remains unchanged at 3,944.7 million shares.

e& enterprise, a subsidiary of Emirates Telecommunications Group Company (e&), has completed the acquisition of GlassHouse Bilgi Sistemleri Ticaret Anonim Şirketi, a Türkiye-based company specializing in data backup, business continuity, managed cloud, and SAP infrastructure services. The deal, valued at $60 million on a cash-free, debt-free basis, was previously announced on June 25, 2024. GlassHouse, with over 150 employees and offices in Türkiye, Qatar, and South Africa, serves 2,000 enterprises across various sectors. The acquisition aims to enhance e& enterprise's service portfolio and expand its geographical footprint. The transaction will be financed through debt and will be consolidated into e&’s financials starting September 1, 2024, with minimal impact on overall figures.

Emirates Telecommunications Group Company (Etisalat Group) announced an interim cash dividend distribution for the first half of fiscal year 2024 at 41.5 fils per share, as decided by the Board of Directors on July 31, 2024. The record date for shareholders eligible for the dividend is August 12, 2024. The last day to purchase shares to be entitled to the dividend is August 8, 2024, and the ex-dividend date is August 9, 2024. The dividend distribution will be managed by Abu Dhabi Securities Exchange (ADX), with First Abu Dhabi Bank (FAB) appointed as the disbursement agent. Distribution of the interim dividends will commence on August 16, 2024.

The Emirates Telecommunications Group Company PJSC has released review reports and interim condensed consolidated financial statements for the six-month period ending on June 30, 2024.

Resolution No. (445) of 2024 announces the temporary suspension of trading in the shares of Emirates Telecom. Group Company (Etisalat Group) PJSC. The suspension will occur from 13:30 on 31-Jul-2024 until the Abu Dhabi Securities Exchange (ADX) receives the results of Etisalat Group's Board of Directors meeting, which coincides with the trading session. The resolution instructs all ADX department heads to execute this decision within their respective areas and mandates that the resolution be circulated to the Securities and Commodities Authority (SCA), the concerned company, all ADX departments, and all accredited brokers. This resolution was approved by the authorized person and issued on 26-Jul-2024.

The Emirates Telecommunications Group Company PJSC ("e&") has scheduled a Board of Directors meeting on Wednesday, July 31, 2024, at 1:30 p.m. The agenda includes discussing the condensed consolidated interim financial information for the six months ending June 30, 2024, a proposal for the distribution of interim dividends for the first half of 2024, and other routine matters related to the company's business.