By Ramy Sameeh
Abu Dhabi – Mubasher: Shareholders of UAE’s telecom operator Etisalat gave the green light Sunday to the distribution of cash dividends for 2015 at AED 0.80 per share, or 80% of the stock’s par value, including AED 0.40 per share for the second half.
Thus, the full-year dividend payout will reach AED 6.9 billion.
The telecom group is capitalised at around AED 8.7 billion, or 8.7 billion shares at AED 1 par value each.
In July, 2015, Etisalat board recommended the distribution of cash dividends for the first half of 2015 at AED 0.40 per share.
The group’s FY15 earnings marginally declined by 4% to AED 8.27 billion, from AED 8.6 billion.
Q4-15 net profit rose by 17.14% to AED 1.63 billion from AED 1.40 billion.
