Etisalat awards US$0.20 dividend per share

Etisalat’s shareholders today backed the board’s decision to pay full 2012 dividends of 70 fils (US$0.20) per share at the annual general meeting at the company’s headquarters in Abu Dhabi.

The shareholders also approved the board’s selection of independent auditor and a bonus for the board members during the meeting.

The board proposed the dividend after the release of the 2012 annual results in February, showing the group’s net profit attributable to the equity holders of the corporation before Federal Royalty was AED 13.2 billion.

Etisalat Group sold a 9.1 per cent stake – 775 million shares – in PT XL Axiata (XL), an Indonesian cellco, grossing proceeds of AED1.87 billion.