The “E &” Group has announced its consolidated financial results for the year ending December 31, 2025, showcasing continuous growth and strategic advancements across all business sectors.
Consolidated revenues rose to AED 72.9 billion, reflecting a year-on-year growth of 23.1% compared to 2024. Meanwhile, consolidated net profits reached AED 14.4 billion, marking a 33.6% increase from the previous year, while earnings before interest, tax, depreciation, and amortization (EBITDA) stood at approximately AED 32.0 billion, a 21.1% annual rise.
On the subscriber front, the group’s global subscriber base increased to 244.7 million, representing a year-on-year growth of 31.3%. In the UAE, “E & Emirates” accounted for 16.3 million subscribers, an annual increase of 8.4%, driven by a growing demand for advanced communication solutions and AI-supported services tailored to the evolving needs of individual and business customers.
Cash Dividends
The board proposed a cash dividend of 47 fils per share for the second half of 2025 (from July to December), totaling an annual dividend of 90 fils per share. The board also announced that total dividends per share will amount to 95 fils in 2026, reaffirming “E &”’s ongoing commitment to providing added value to its shareholders.
Furthermore, E & announced that Hatem Dweidar, the group’s CEO, has decided to step down after six years in the position, and the board has accepted his resignation.
Hatem Dweidar has led “E &” since 2020, steering its strategy for transformation and global expansion. Under his leadership, “E &” accelerated its strategic growth from a regional telecom operator to a global technology group, enhancing its presence in the Middle East, Africa, Asia, and Europe, while diversifying its business pillars to include digital, fintech, business services, and digital lifestyle sectors.
During his tenure, the group achieved record financial performance, solidifying its position as one of the leading brands in technology and telecommunications globally.
The board has appointed Masoud M. Shareef Mahmood as CEO of “E &” effective April 1, 2026, alongside his current role as CEO of “E & Emirates,” which he has held since 2021.
Institutional Solutions
Jassim Mohammed Bouatabah Al Zaabi, Chairman of “E &,” remarked, “The rapid growth in the group’s revenues and record financial results for 2025 confirm the success of our strategy to transform into a leading global technology group built on solid business foundations. The group is pioneering a new future in the sectors of telecommunications, technology, institutional solutions, finance, and various entertainment areas.”
He added, “On behalf of the board, I would like to extend my gratitude to CEO Hatem Dweidar for his successful leadership of the group’s operations and for his contributions to its excellence during his tenure. Hatem has played a crucial role in the group’s transformation strategy and in maximizing shareholder returns in the long term, and we wish him success in his future endeavors.”
Global Expansions
Hatem Dweidar expressed, “I am proud to have led “E &” during its strategic transformation phase and what we have accomplished together, particularly in business model development and global expansions, as well as creating new growth engines for the future. The record financial results achieved in 2025 reflect the strength of our strategy, the resilience of our operating model, and the dedication of our employees.”
He extended his heartfelt thanks to the chairman, board members, leadership team, and all employees for their commitment and unwavering support, confident that “E &” will continue its success in the coming years under CEO Masoud M. Shareef Mahmood.
Masoud M. Shareef Mahmood stated, “I would like to express my sincere gratitude for the opportunity to take on the role of CEO of “E &” and to lead this ambitious global group.” Masoud, who has over 25 years of experience in senior roles in telecommunications, investment, and technology, added:
“I thank Engineer Hatem Dweidar for his exceptional leadership and partnership, as well as the chairman and the board for their full trust and support. I look forward to continued joint achievements with our talented teams and partners around the world.”
E & remains focused on implementing its strategic priorities, integrating advanced technologies, including AI into its operations, and delivering sustainable value to its shareholders, customers, partners, and the communities it serves.
Digital Sovereignty
In a significant achievement reinforcing the digital sovereignty of the UAE, “E &” announced the commercial launch of the UAE’s sovereign launch platform in collaboration with Amazon Web Services (AWS), accredited by the UAE Cybersecurity Council, enabling the country to achieve complete sovereignty and security over data and supporting its pioneering ambitions in digital infrastructure.
The group successfully completed the sale of its entire 40% stake in Khazna for AED 2.2 billion ($600 million) and enhanced its leadership in future technologies through a strategic collaboration with Qualcomm Technologies to expedite digital transformation in the UAE by developing advanced 5G solutions and edge AI.
In collaboration with IBM, “E &” launched the comprehensive watsonx AI governance platform aimed at enhancing compliance, oversight, and ethical practices within its integrated and growing ecosystem. The group also initiated a joint study with the IBM Institute for Business Value titled “AI in the Middle East and North Africa: A Path for Advancement and Leadership,” highlighting the region’s potential to become a global player in this domain.
In an academic partnership, “E &” signed a memorandum of understanding with NYU Abu Dhabi to further research and development in sixth-generation technologies. Furthermore, the group cooperated with The Butterfly Foundation and universities of Wollongong and Zayed to launch a program aimed at supporting students and recent graduates with disabilities, assisting them in acquiring necessary skills and exploring appropriate career paths within an inclusive and supportive environment.
The operator services and wholesale sales unit of “E &” expanded its international presence in 2025 by opening new offices in Miami, Florida, and Johannesburg, South Africa. This opening marks a significant milestone in the group’s global expansion journey, enhancing its position as a key enabler of intelligent and seamless connectivity across continents.
In a strategic move to prepare institutions for future challenges, the group also unveiled a business continuity service. “E &” crowned its achievements by receiving the “S Category” grade, the highest classification within the Dubai AI Seal initiative introduced by the Dubai Future Foundation’s AI Center.
The group was awarded the “Best Transformation in Procurement” accolade, recognizing its innovative approach to transforming procurement processes into a strategic driver for innovation through the adoption of AI technologies, advanced analytics, and agile practices.
An additional strategic partnership was formed with 4iG, a leading provider of communications and infrastructure services in Hungary and the Western Balkans, aimed at exploring collaborative opportunities in marine and terrestrial network projects, data centers, and regional connectivity corridors linking the Middle East, North Africa, and Europe.
“E &” launched an AI Academy, a strategic initiative intended to enhance skills among the group’s employees in artificial intelligence, offering multi-level training programs that merge fundamental and advanced technical skills to boost innovation and operational efficiency.
The group celebrated the graduation of 25 Emirati citizens from the fifth cohort of the AI graduates program, bringing the total number of beneficiaries to 284 since its inception in 2021.
In collaboration with AWS, “E &” launched the “AI Nation – Horizons” program to train 30,000 individuals in AI and cloud solutions through the “E &” Academy.
The group also initiated a “Cybersecurity Startup Accelerator” program in partnership with AWS, CrowdStrike, and the UAE Government’s Cybersecurity Council, aiming to support over 500 UAE startups.
Additionally, “E &” organized the first sustainability hackathon in the Gulf Cooperation Council (GCC), in collaboration with several regional telecommunications companies, to accelerate the transition to more sustainable networks with energy-efficient consumption and reduced electronic waste while boosting innovation in digital infrastructure.
The group concluded the year 2025 by launching a new initiative aimed at leveraging technology to support the Arabic language and enhance its presence through the development of a free keyboard designed specifically for those accustomed to writing in “Arabizi.” This keyboard provides a familiar layout for letters and numbers to ease the transition to writing in Arabic.
“E & Emirates”
“E & Emirates” launched the first advanced 5.5G network in the region, setting a new global standard for speed and reliability. The company commenced commercial operations of RedCap technology on its advanced 5G network, marking the first practical application of the technology in the country, thereby extending the 5G scope to include low-consumption smart connectivity for Internet of Things (IoT) and wearable devices like smartwatches.
The digital infrastructure of “E & Emirates” has contributed to the UAE achieving a global milestone by recording the highest percentage of homes fiber optic network coverage worldwide at 99.5%, with a network stretch exceeding 16 million kilometers offering ultra-fast connectivity to over 2.97 million homes, as part of its “Fiber-First” strategy.
The company also played a pivotal role in positioning the UAE at the top of the mobile data download speed chart according to Ookla, as it has been recognized as the best service provider for mobile network download speeds, including 5G networks. The company has tested the frequency ranges of 6 GHz and 600 MHz, designated by the Telecommunications and Digital Government Regulatory Authority for International Mobile Telecommunications services.
For the first time in the region, “E & Emirates” introduced 5G network slicing solutions for businesses via its network. The company also launched a next-generation platform for business communications, integrating its proprietary technologies such as “Trust Net” and “AI Net” and providing seamless integration with global cloud service providers like AWS, Microsoft Azure, and Oracle Cloud.
The company has also implemented a virtual network specifically for D2D communication with Emirates Steel (Emsteel), adding advanced slicing capabilities to support real-time automation, predictive maintenance, and employee safety monitoring.
Supporting the business sector, “E & Emirates” updated its 5G Core network and established an AI Center of Excellence in partnership with Intel, alongside launching “MissionOn,” a secure national platform for instant voice and video communication designated for frontline teams.
“E & Emirates” continues to back national digital priorities through various impactful strategic partnerships, notably with the Ministry of Industry and Advanced Technology to support over 7,000 small and medium-sized enterprises certified for local added value under the UAE’s industrial strategy.
In an initiative aimed at enhancing the travel experience and developing digital services in the UAE, “E & Emirates” provided free SIM cards for visitors arriving through Abu Dhabi International and Sharjah International airports, enhancing the digital experiences for tourists.
“E & Emirates” announced its plans with Emirati space technology pioneer “Space 42” to explore collaboration opportunities for direct device-to-satellite communication (D2D). This partnership will leverage the “Equatis” platform.
The initiative aims to facilitate seamless connectivity using advanced 5.5G technology through satellites and terrestrial networks. Alongside Space 42, the company will also work on developing, testing, and implementing vehicle-to-everything (V2X) communication technologies to enhance autonomous mobility capabilities and develop smart city infrastructure across the UAE.
In collaboration with a local bank, “E & Emirates” achieved the implementation of AE Coin payments across several channels of “E &” and its digital platforms, marking a historical advancement in the UAE’s global leadership in digital payment innovation, establishing “E & Emirates” as the leading company for adopting a fully licensed stablecoin by the central bank as a means for bill payments and digital transactions.
On the enterprise front, “E & Emirates” deepened its collaboration with Microsoft to broadly deploy the “M365 Copilot” program, aimed at transforming the workplace by utilizing AI technologies.
Simultaneously, both companies launched the “AI for Business Skilling” program, an initiative designed to equip small and medium-sized enterprises with essential skills in artificial intelligence.
In its efforts to empower small and medium-sized enterprises in the UAE, “E & Emirates” established a partnership with the AI platform “Aleria” to provide tailored solutions designed to enhance decision-making processes, boost operational efficiency, and manage costs.
In collaboration with Open Innovation AI, “E & Emirates” launched a specialized AI lab aimed at developing innovative local solutions and accelerating the pace of innovation. The group has also intensified its cooperation with Samsung to provide the latest generation of AI-supported smartphones to its customers across the UAE.
The company introduced the Neo Home service, a new fiber optic package with speeds of up to 1 Gbps, aimed at offering seamless viewing experiences and faster downloads, along with customizable additional television services.
“E & Emirates” launched a parental supervision service as a comprehensive solution for online connectivity and digital safety, enabling parents to filter content, monitor devices, and manage screen time for their children, ensuring a safer and balanced digital experience for children across the UAE.
The “Smiles” app underwent a significant upgrade through a new partnership with Tencent Cloud, the cloud arm of the WeChat developer, aimed at enhancing digital commerce capabilities in the UAE.
Additionally, the app expanded its partner network through integration with the “Etihad Guest” program, facilitating customers in seamlessly exchanging loyalty points between both programs.
“E & Emirates” joined the “Father’s Endowment” campaign, aimed at creating a sustainable endowment fund of AED 1 billion to support healthcare for low-income patients, honoring fathers across the nation.
The company also signed an agreement with the UAE Cybersecurity Council to launch the Al Ain Innovation Center, reinforcing the nation’s position as a global center for innovation, digital transformation, and building a sustainable knowledge-based economy.
In terms of customer experience, the company received accolades from Forrester in recognition of its transformation efforts through initiatives like “Customer Experience Change Agents,” redesigning the customer journey, and leadership engagement programs like “Customer Hour.”
The company secured three prestigious CAMARA certifications within the GSMA Open Gateway initiative, acknowledging its digital efforts and confirming its leadership in API innovation and interoperability.
“E & Capital”
In 2025, “E & Capital” successfully deployed its capital through a mix of leading regional firms and innovative global entities, reaffirming its commitment to supporting high-growth, innovation-driven companies.
“E & Capital” contributed to the funding of Qlub in a financing round, alongside key regional and global investors, supporting the company’s global expansion and enhancing its smart payment platform dedicated to restaurants.
The firm also led a Series A funding round for Fuze, in partnership with Galaxy, strategically aimed at supporting the development of the digital asset infrastructure platform in the Middle East and Turkey.
Additionally, the company invested in the launch of the “Opus” platform by AppliedAI, an advanced corporate Automation platform built on AI technologies targeting regulated sectors, boosting operational efficiency and regulatory compliance.