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

Emirates Telecommunications Group Company (Etisalat Group) has received new Royalty Guidelines from the Ministry of Finance for the telecommunications sector. The new guidelines outline the Telecom Federal Royalty regime for 2024 to 2026. Under the new guidelines, a federal royalty rate of 38% will be applied to the sum of regulated and non-regulated UAE net profit. The federal royalty amount will be deducted when calculating taxable income for UAE corporate tax purposes. In addition, a corporate tax rate of 9% on profit will be applied from 1st January 2024 to 31st December 2026.

The Emirates Telecommunications Group Company PJSC has released its review reports and condensed consolidated interim financial information for the nine-month period ending on 30th September 2023.

Emirates Telecommunications Group Company (Etisalat Group) held a board meeting on 26th October 2023, which was attended by all board members. During the meeting, the board approved the condensed consolidated financial information for the nine months ended 30th September 2023, prepared in accordance with IFRS and reviewed by independent external auditors. The board also discussed other matters related to the company's business and passed suitable resolutions. The information was communicated by Hasan Al Hosani, the Group Corporate Secretary.

The Emirates Telecommunications Group Company PJSC has released its earnings report for the third quarter of 2023 on October 31, 2023.

The Emirates Telecommunications Group Company (Etisalat Group) has announced that its Board of Directors will hold a meeting on the 31st of October, 2023 at 3:00 p.m. The meeting will discuss the condensed consolidated financial information for the nine months ending on the 30th of September, 2023, as well as other regular matters related to the company's business. The notification was sent by Hasan Al Hosani, the Group Corporate Secretary.