Ownership structure
Our ownership structure reflects a strong foundation of strategic government and public stakeholders.
| Shareholder | Percentage | Color Hex Code |
|---|---|---|
| Emirates Investment Authority | 50.1% | #00215B |
| DH 8 LLC | 19.7% | #00A9CE |
| Other Public Shareholders | 30.2% | #763BBE |
Effective 23rd February 2021, the shareholding percentage permitted to be owned by public and the applicable conditions are as follows:
(i) Individual UAE nationals and wholly-owned UAE establishments, companies and authorities are entitled to own shares in EITC up to a maximum of 100% of the share capital of EITC, in aggregate.
(ii) Non-UAE nationals (whether individuals, establishments, or companies) are entitled to own shares in EITC up to a maximum of 49% of the share capital of EITC, in aggregate.
(iii) Local and international telecommunication companies are not permitted to own shares in EITC.
(iv) Except for those shareholders already holding more than 5% of the share capital in EITC, no individual, establishment, company or authority is allowed to own more than 5% of the share capital in EITC.
Dividend
Overview of EITC's Dividend Framework
Declaration of Dividends
Dividends are declared by EITC to its shareholders in accordance with the provisions of the UAE Commercial Companies Law, EITC's Articles of Association and EITC's Dividend Policy.
Dividend Policy
EITC's dividend policy approved by its shareholders provides guidance on the dividend distribution process. Click here to view the Dividend policy.
Shareholder Rights
The shareholders' rights prescribed under the applicable governing federal laws and SCA regulations are listed below. Click here to view the list.
Dividend History
Dividends are declared by EITC to its shareholders in accordance with the provisions of the UAE Commercial Companies Law, EITC’s Articles of Association and EITC’s Dividend Policy.
| Date | Amount in AED | Paid by |
|---|---|---|
| 0.40 | DFM | |
| 0.24 | DFM | |
| 0.34 | DFM | |
| 0.20 | DFM | |
| 0.21 | DFM | |
| 0.13 | DFM | |
| 0.13 | DFM | |
| 0.11 | DFM | |
| 0.11 | DFM | |
| 0.10 | DFM | |
| 0.15 | DFM | |
| 0.13 | DFM | |
| 0.21 | DFM | |
| 0.13 | DFM | |
| 0.22 | DFM | |
| 0.13 | DFM | |
| 0.22 | DFM | |
| 0.22 | DFM | |
| 0.13 | DFM | |
| 0.21 | DFM | |
| 0.13 | DFM | |
| 0.20 | DFM | |
| 0.23 | First Abu Dhabi Bank | |
| 0.20 | First Abu Dhabi Bank | |
| 0.12 | First Abu Dhabi Bank | |
| 0.19 | First Abu Dhabi Bank | |
| 0.22 | First Abu Dhabi Bank | |
| 0.30 | First Abu Dhabi Bank | |
| 0.15 | First Abu Dhabi Bank |
Collection of declared dividends
We're inviting all of our valued shareholders who have not collected their dividends of previous years (until 2015) yet to do so by contacting First Abu Dhabi Bank (Sunday - Thursday from 8am to 4pm).
According to the UAE Securities and Commodities Authority Resolution no. 2 of 2015, the mechanism to be used for any cash distribution of dividends from the year 2016 will be managed by the Dubai Financial Market.
To ensure DFM CSD have your current contact details and avoid any delays of receiving your cash dividends, please complete the form available at www.dfm.ae and submit directly to the DFM CSD desk. DFM support distributions by different modes of payment as listed below:
- Bank Transfer: direct transfer of dividends to shareholder's bank accounts globally
- iVESTOR: enables you to receive dividends instantly on your electronic card and withdraw cash from anywhere in the world via VISA and PLUS marked ATM machines, as well as retail and online purchases. You can also withdraw cash or top-up your balance over the counter from Emirates NBD branches across the UAE.
- Note: Dividends paid through the DFM myACCOUNT service can be accessed and managed by shareholders via the DFM eServices portal: https://esrv.dfm.ae/.
Corporate announcements
Key Company Announcements and Board Updates
