• Business

During e&’s AGM, a dividend per share of Dh0.4 for the second half of 2022 was approved.

by Swati Gupta

April 12, 2023 6

At the e&’s Annual General Meeting (AGM) of e&, the leading technology company, held yesterday, shareholders approved a dividend per share of Dh0.4 for the second half of 2022. This announcement was welcomed by the shareholders, who praised the company’s performance and its commitment to returning value to shareholders.

The announcement of the dividend per share comes as e& continues to make significant strides in its business operations, despite the challenges posed by the ongoing COVID-19 pandemic. The company has continued to innovate and expand its product offerings, while also prioritizing the safety and well-being of its employees.

In a statement following the AGM, e&’s CEO expressed gratitude to the shareholders for their support, saying, “We are thrilled to be able to announce a dividend per share of Dh0.4 for the second half of 2022. This is a testament to our commitment to delivering value to our shareholders, and to our continued success in the marketplace.”

The dividend per share for the second half of 2022 is a continuation of the company’s ongoing commitment to returning value to its shareholders. In recent years, e& has been one of the most successful technology companies in the region, with a track record of delivering strong financial results and driving innovation in the industry.

The announcement of the dividend per share also comes as e& continues to expand its product offerings and grow its business operations. The company has recently announced several major initiatives, including a new cloud-based platform for enterprise customers and the launch of several new products in the consumer market.

Despite the challenges posed by the COVID-19 pandemic, e& has remained resilient and focused on delivering value to its shareholders. The company’s strong financial performance and commitment to innovation have helped it to weather the storm of the pandemic and emerge stronger than ever.

Looking ahead, e& remains committed to driving growth and delivering value to its shareholders. The company’s ongoing investment in research and development, as well as its focus on expanding its product offerings and reaching new markets, position it well for continued success in the years to come.

Overall, the approval of a dividend per share of Dh0.4 for the second half of 2022 is a testament to e&’s ongoing success and commitment to delivering value to its shareholders. With a strong track record of financial performance and a focus on innovation and growth, e& remains one of the most promising technology companies in the region. We look forward to continuing to work with e& in the future as the company continues to innovate and lead the market.

The dividend payment reinforces e&’s commitment to providing shareholders with an attractive return on their investments, while also enabling them to benefit from long-term growth opportunities. With a strong cash position and low leverage, e& is well positioned to maintain its leadership position in the regional market. In addition, e&’s investment in research and development ensures that the company continues to develop cutting-edge technologies that offer customers unrivaled value.

e&’s commitment to delivering shareholder returns through a dividend per share reflects their confidence in the industry outlook and their ability to generate value for investors. As such, shareholders can be assured that e& is well placed to continue delivering strong returns in the years ahead. With a steady stream of new products and services on its horizon, e& looks set to remain an attractive investment choice.

The payment of this dividend serves as a reminder of e&’s commitment to providing excellent customer service and shareholder value. The company’s dedication to introducing meaningful innovations that contribute to the industry’s growth is indicative of its forward-thinking approach, which will ensure e& maintains its competitive advantage for years to come.