Page 19 - SAMENA Trends - June-August 2021

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

on our vision of driving the digital future commitment to key strategic priorities and shareholders for their constant
with a strong commitment towards the to enable a digital future and drive digital encouragement, and to our employees
societies we serve and adding value to innovation across our operations. Despite who are the cornerstone of our success.
our shareholders. We are confident that the challenges in our key markets, our We will remain focused on investments in
Etisalat Group will maintain its leadership businesses delivered growth in revenue, futuristic solutions and next-generation
position in the telecom industry while net profit and operating free cashflow. We technologies, enhancing the overall
remaining focused on our core business are proud that Etisalat Group was a key customer experience while delivering
and exploring new growth opportunities contributor to positioning the UAE as the long-term value for all our shareholders.”
ensuring that we are well geared for the fastest mobile network in the world and Subscribers
future with all our digital capabilities and among the top fixed broadband networks In the UAE the subscriber base reached
solutions. I would like to thank UAE’s wise globally, meeting the ICT aspirations 12.1 million subscribers in H1 of 2020,
leadership for their continuous support of the country’s leadership. With our while the aggregate subscriber base
to the telecom sector and the Etisalat success in deploying 5G as well as taking reached 156.1 million, representing a year
Group’s management team in making the the global lead in fibre penetration, we over year increase of 7%.
digital vision a reality by staying focused ensured that our networks are future- Revenue & Net Profit
on the company’s long-term strategy to ready for the next generation of mobile Consolidated revenues amounted to AED
drive stakeholder value. Thanks to both networks and technologies. As we look 26.4 billion representing YoY increase of
our shareholders and loyal customers for ahead with confidence, we will focus on 3.2 percent while consolidated net profit
inspiring us to set new global benchmarks expanding our capabilities, maintaining after Federal Royalty amounted to AED
and reach new business heights.” Eng. industry leadership to achieve our long- 4.7 billion representing a year over year
Hatem Dowidar, CEO, Etisalat Group, term goals of enriching customer lives and increase of 3.9% and resulting in a net
stated: “Etisalat Group’s strong results empowering governments, businesses profit margin of 18%.
in the first half of 2021 is an outcome of and societies across our footprint. Etisalat EBITDA:
our sincere efforts to drive growth and remains grateful to the wise leadership Consolidated EBITDA reached AED 13.4
generate efficiencies, with an unwavering of the UAE, thankful to our customers billion resulting in EBITDA margin of 51%.

Etisalat Group Appoints Masood Mohamed Sharif Mahmood as CEO for
Etisalat UAE Operations

Etisalat Group announced the appointment
of Masood M. Sharif Mahmood as
Chief Executive Officer for Etisalat UAE
operations. Reporting to Etisalat Group CEO,
this new position is part of Etisalat Group’s
ongoing and agile transformation strategy
that targets diversifying and exploring
new growth opportunities, accelerating
business development in the digital field,
expanding geographical presence and
maximizing operational efficiency. The
appointment also marks the company’s
relentless efforts to maintain its leading
position in digital transformation and
continue providing innovative services and
solutions to all customers, while investing
in UAE nationals and empowering them.
Eng. Hatem Dowidar, CEO, Etisalat Group,
said: “Etisalat is thrilled by the joining of scene, Etisalat backed by one of the most join Etisalat one of the world’s leading
Masood as CEO for Etisalat UAE operations. advanced portfolios of smart services telecom groups and ranked the strongest
With his recognized career and strong drive and solutions in the region continues to brand across all categories in Middle East
for results, Masood is a true people leader attract and empower UAE’s leading talent and Africa. This exciting appointment
who will focus on growing Etisalat UAE in the digital field. We wish him great represents a great milestone and a motive
even further through achieving operational success in his new role at Etisalat, home to work continuously towards adding value
efficiency and generating value by organic to the fastest mobile network on earth”. for the services and solutions provided to
growth strategies. In the new normal where Masood M. Sharif Mahmood, CEO, Etisalat Etisalat customers, capitalizing on our
smart and digital services dominate the UAE operations, said: “It is a privilege to employees’ great talent, passion and

19 JUN-AUG 2021