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Emirates Integrated Telecommunications Company PJSC

DU

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Emirates Integrated Telecommunications Company PJSC

Logotype for Emirates Integrated Telecommunications Company PJSC
Ticker/ISIN
DU
AEE000701012
Market/Country
Dubai Financial Market
United Arab Emirates

About Emirates Integrated Telecommunications Company PJSC

Country of Origin: United Arab Emirates (U.A.E)

Emirates Integrated Telecommunications Company PJSC (“the Company”) is a public joint stock company with limited liability. The Company was incorporated according to Ministerial Resolution No. 479 of 2005 issued on 28 December 2005. The Company is registered in the commercial register under No. 77967.

The Company’s principal objectives are to provide fixed, mobile, wholesale, broadband, broadcasting and associated telecommunications services in the UAE. The commercial operations of the Company commenced on 11 February 2007.

Latest Pressrelease Summaries from Emirates Integrated Telecommunications Company PJSC

du, a leading telecom and digital services provider in the UAE, announced plans to build a new hyperscale data center valued at approximately 2 billion AED. This initiative significantly increases du's data center capacity and enhances its position as a key data center provider in the region. The data center will be developed in phases, with Microsoft as the main tenant. CEO Fahad Al Hassawi highlighted the project as a major step in du's strategy to expand beyond traditional offerings and support the growing demand for AI, sovereign cloud, and increased capacity. This development underscores the importance of technological advancements in enhancing economic landscapes and community standards, reinforcing the UAE's status as a global leader in technology and sustainability. Currently, du operates five data centers in the UAE, providing secure and scalable digital infrastructure.
The Annual Report 2024 for Emirates Integrated Telecommunications Company PJSC (du) focuses on the company's efforts to shape a digitally enabled future. The report likely details the company's strategic initiatives, financial performance, and advancements in technology and digital services, highlighting its commitment to innovation and growth in the telecommunications sector.
The Board of Directors of Emirates Integrated Telecommunications Company P JSC invites shareholders to the General Meeting on March 17, 2025, at the company's headquarters in Dubai and virtually. The agenda includes reviewing and approving the Board of Directors' and auditors' reports, financial statements, and dividend distribution of AED 0.54 per share for 2024. Other items include approving the dividend policy, discharging liabilities of the Board and auditors, approving Board remuneration of AED 12,690,000, appointing auditors for 2025 with fees of AED 2,200,000, and considering community contributions. Shareholders may attend in person or virtually, with electronic registration required for virtual attendance. Proxy representation is allowed under specific conditions. The meeting requires at least 50% shareholder representation for validity, and a second meeting is scheduled if quorum is not met. Shareholders registered by March 14, 2025, can vote, and those registered by March 27, 2025, are eligible for dividends. Financial documents are available on the Dubai Financial Market and company websites.
Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the fourth quarter and full year of 2024. The company achieved a net profit increase of 49.1% to a record AED 2.5 billion, driven by revenue growth of 7.3% to AED 14.6 billion and an EBITDA margin expansion to 44.2%. The annual dividend reached 54 fils per share, marking a 59% year-on-year increase and the highest in the company's history. The company also reported operating cash flow growth of 23.0% to AED 4.4 billion and formed strategic partnerships with Orange and Telefónica to enhance innovation and growth.
The text refers to the consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the year ending December 31, 2024.
Emirates Integrated Telecommunications Company PJSC (du) reported strong financial results for the third quarter of 2024. The company achieved a 9.1% increase in quarterly revenues, reaching AED 3.6 billion, and a 16.9% growth in EBITDA to AED 1.7 billion, with a record EBITDA margin of 48.3%. Net profit for the quarter rose by 42.7% to AED 719 million, marking the highest quarterly net profit in the last three years. For the first nine months of 2024, net profit surged by 49.7% to AED 1.9 billion. This performance is attributed to sustained commercial momentum, strategic execution, and efficient cost management. The company has made significant progress in its connectivity business and is evolving into a leading Telecom and Digital Services Provider. Key developments include a strategic overhaul of its B2B portfolio with new sub-brands and a global partnership with Orange to support innovation and digital transformation. Capital expenditure normalized with a capital intensity of 12.2% in the first nine months, and the company reaffirmed its guidance for fiscal year 2024.
The document is a review report and includes condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the nine-month period ending on September 30, 2024.
du, a leading Telecom and Digital Services Provider in Dubai, has revamped its Business-to-Business (B2B) portfolio to enhance digital capabilities for businesses across the UAE. The company introduced two new sub-brands, du Tech and du Infra, as part of its digital transformation strategy. du Tech focuses on advanced ICT solutions, targeting sectors like government and large enterprises with services such as data centers, hybrid cloud, cybersecurity, IoT, AI, and blockchain. du Infra provides robust network infrastructure, ensuring secure and efficient data flow for businesses and government agencies. The CEO of du, Fahad Al Hassawi, emphasized the company's evolution from a connectivity provider to an integrated digital services enabler, aiming to lead the digital transformation in the UAE. The new portfolio is designed to foster innovation and create dynamic digital ecosystems, allowing customers to shape their own digital futures.

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Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Financial statements for the 2n QTR of 2024

The document is a review report and condensed consolidated financial statements for Emirates Integrated Telecommunications Company PJSC and its subsidiaries, covering the six-month period ending on June 30, 2024.

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Results of BOD meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: BOD meeting

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: BOD meeting

1. Attached Document

AkSharesKumar profile image

AkSharesKumar

Commented on BondSharesBonds Transaction regarding Emirates Integrated Telecommunications Company PJSC

Great pick! Diversifying into Communication Services is smart. Emirates Integrated Telecommunications at 5.79 AED shows solid potential. Cheers to growing portfolios and smart investments! 💪📈
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FinDiesel

Commented on QueenOfCommunications Transaction regarding Emirates Integrated Telecommunications Company PJSC

Impressive move! Emirates Integrated Telecommunications looks solid. Diversifying with strong Communication Services is smart. Keep crushing it! #Family #InvestSmart
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Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: EITC Earning Release for Q1-2024

Emirates Integrated Telecommunications Company PJSC reported a 63% increase in net profit in Q1 2024, driven by a 4.1% revenue increase to AED 3.58 billion and a 16.2% rise in EBITDA to AED 1.59 billion. The company's EBITDA margin expanded by 4.6 points to 44.3%. The launch of "du Pay," a digital financial service, marked a significant step towards diversifying the company's business activities. The company's mobile customer base grew by 5.7% to 8.7 million subscribers, while its fixed customer base rose by 11.1% to 616,000 subscribers. The new royalty and corporate tax regime was also highlighted, and the company re-affirmed its guidance.

1. Attached Document

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Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Earnings Call

1. Attached Document

Dubai Financial Market News profile image

Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: Financial statements for the first QTR of 2024

The text presents a review report and condensed consolidated financial statements of Emirates Integrated Telecommunications Company PJSC and its subsidiaries for the three-month period ending 31 March 2024. This document is of interest to those involved in finance and investing.

1. Attached Document

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Dubai Financial Market News

News Update From Emirates Integrated Telecommunications Company PJSC

Disclosure: EITC-Notification re results of Board meeting held on 29 April 2024

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