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Wednesday, November 11 - 2009

Etisalat 35% H2 dividend

  • United Arab Emirates: Tuesday, February 27 - 2007 at 06:35

Etisalat's board has approved a cash dividend of 35% for H2 2006, after the telco had earlier distributed dividends of 25% for H1, Gulf News reported. A bonus share issue of one share for every ten held is also being proposed. Etisalat posted a 38% increase in profit to $1.6bn in 2006, but faces local competition for the first time after new entrant Du started operations in February.

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