Etisalat held its Annual General Meeting in Abu Dhabi on March 21, where shareholders backed the Board's recommendation to pay full-year 2017 dividends of 80 fils per share. H.E. Eissa Al-Suwaidi and H.E. Eissa Abdul Fattah Kazim have been appointed as Chairman and Vice President of Etisalat Group respectively. Al-Suwaidi was first appointed Chairman in 2012.
"I would like to thank the leadership of the UAE for their continued support to Etisalat Group and like to express my sincere appreciation to our customers for their unwavering confidence and our shareholders for their continued support and special thanks to Etisalat management team for their commitment and dedicated work that will drive us to move forward and continue our progress and success," said Al-Suwaidi.
The General Assembly of Etisalat elected four Board Directors to fill the Board seats un-assigned for the Government Shareholder. The new members are H.E. Sheikh Ahmed Mohd Sultan Bin Suroor Al Dhahiri, H.E. Abdelmonem Bin Eisa Bin Nasser Alserkal. H.E. Khalid Abdulwahid Hassan Alrustamani, H.E. Otaiba Khalaf Ahmed Khalaf Al Otaiba.
H.E. Hisham Abdullah Al Qassem, H.E. Mohammed Sultan Al Hamli, H.E. Saleh Abdullah Lootah and H.E. Mariam Saeed Ghobash were appointed as members of the Board of Directors. The seventh member will be announced soon.
The Etisalat Group Annual General Meeting also approved the Board's proposed buy-back program of five percent of the company's paid capital, representing 434.8 million shares, for the purpose of cancelling or reselling.