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FINANCIAL NEWS
UAE’s Etisalat proposes USD0.16 final dividend for 2011
21 Feb 2012
(MENAFN) Emirates Telecommunication Corporation’s (Etisalat) CEO, Ahmad Abdulkarim Julfar, said that the company’s board proposed a USD0.16 final dividends for the 2011 fiscal year, reported Emirates 24/7.
Julfar added that the board also approved audited financial performance during the financial year that ended December 31, 2011.
Moreover, the board discussed cutting and controlling operating expenditures, which Etisalast managed to reduce by 27 percent in 2011 to USD1.17 billion following the investment in fiber- to-home in 2010.
It is worth noting that Etisalat’s subscribers’ numbers in 2011 jumped by 22 percent, to 167 million.
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