e& Reports Consolidated Revenues of $16.12 Billion in 2024

Further reinforcing its commitment to deliver consistent value through a progressive dividend policy announced last year for its shareholders, e&, the UAE-owned telecommunications company, has announced to pay a cash dividend of $0.23 per share for the fiscal year 2024.

Company’s Chairman Jassem Mohamed Bu Ataba Alzaabi said that 2024 was another successful year marked by accelerated growth and impressive progress with their strategy to transform into a global technology company.

He said that e& delivered record consolidated revenues of $16.12 billion growing 10.1%, driven by growth across all business verticals, and record net profit of $2.94 billion, growing 4.3% in 2024.

Consolidated EBITDA rose 2.7% y-o-y at constant exchange rates, reaching $7.21 billion. The group’s total subscriber base grew to 189.3 million, marking an 11.7% increase compared to 2023.

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, he said.

He added: “As we look to the future, e& is committed to growth and transformation across 38 countries in the Middle East, Africa, Asia, and Central and Eastern Europe. Our ambition is to innovate, lead, and deliver greater value for those we serve. Together, we will continue shaping a brighter, more digitally empowered future.”

‘Year of More’

Company’s Group CEO Hatem Dowidar described 2024 was a year of ‘more’ — more impact, more opportunities, more growth, and more passion for excellence. It marked a successful chapter in their transformation journey as we continued to evolve into a global technology leader.

He said that they leveraged their presence of telecom and digital services across 38 countries to deliver enhanced dividends and a stronger performance, cementing trust among the stakeholders. Through superior connectivity, advanced digital solutions, and AI-driven innovations, e& will continue to empower our customers and the communities.

“As we look ahead, we do so with a clear vision: to lead with purpose, collaborate with impact, and innovate for the future. 2025 will see us deepen our focus on digital transformation, scale our AI and data-driven solutions, and drive inclusivity in technology access. With the support of our talented teams, trusted partners, and loyal customers, we are poised to continue empowering communities, transforming industries, delivering sustainable value for generations to come, and always go for more,” he added.

e& strengthened its global leadership through strategic investments and high-impact initiatives. The Group was recognised as the ‘World’s Fastest-Growing Brand’ by Brand Finance and expanded its footprint through landmark partnerships and acquisitions.

e& UAE also earned global recognition for delivering the fastest mobile network speeds worldwide — a clear reflection of its continued leadership in 5G innovation and infrastructure.

Consolidated revenues reached AED59.2 billion, growing 10.1 percent driven by growth across all business verticals.