Masood M. Sharif Mahmood
Not Verified
e& (Etisalat)
Not Verified
Founded1976
HeadquartersAbu Dhabi, UAE
IndustryTechnology, Telecommunications
About
e&, the Abu Dhabi telecoms and technology group founded as Etisalat in 1976, announced on 6 October 2026 that it would return to the Etisalat name. It is listed on the Abu Dhabi Securities Exchange and reported 2025 revenue of AED 72.9 billion, up 23%, and net profit of AED 14.4 billion. Masood M. Sharif Mahmood has been group chief executive since 1 April 2026, succeeding Hatem Dowidar.
Key figures
AED 72.9 billionRevenueFY2025, e& results▲ +23%
AED 32.0 billionEBITDAFY2025▲ +21.1%
AED 14.4 billionNet profitFY2025about +33%
AED 1.65Earnings per shareFY2025from AED 1.24
244.7 millionSubscribers31 Dec 2025▲ +31.3%
AED 38.1 billionRevenueH1 2026, e& release▲ +11.6%
AED 17.7 billionEBITDAH1 2026▲ +13.1%, margin 46.5%
AED 6.0 billionNet profitH1 2026▲ +2.4% excluding one-offs
251.5 millionSubscribers30 Jun 2026▲ +30.4%
47.5 fils a shareInterim dividendH1 2026▲ +10.5%
Scope of operations
- Telecoms in the UAE and international markets, including stakes in Maroc Telecom (53%), Mobily in Saudi Arabia (27.99%) and PPF Telecom (50.01%) (Wikipedia; percentages vary within the page)
- Enterprise, fintech, AI, cybersecurity and entertainment businesses added since 2022
- Group subscriber base of 251.5 million at 30 June 2026
Founders and key people
- Jassem Mohamed Alzaabi
- Hatem Dowidar
Timeline
- 1976Etisalat is founded (Wikipedia; the infobox gives 1975)
- 2006Wins Egypt's third mobile licence with a bid of 16.7 billion Egyptian pounds, about EUR 2.29 billion (Wikipedia)
- 2013Agrees to buy Vivendi's 53% of Maroc Telecom for about $5.7 billion; it joins the group in 2014 (Wikipedia)
- 2018Launches the first commercial 5G network in the Middle East and North Africa, in May (Wikipedia)
- 2020Hatem Dowidar becomes group CEO (Wikipedia)
- 2022Rebrands to e& on 24 February (Wikipedia)
- 2023Agrees a EUR 2.2 billion deal for PPF Group's telecom assets (Wikipedia)
- 2025Agrees to sell its 40% stake in Khazna Data Centers to G42 for $2.2 billion (Wikipedia)
- 20261 April: Masood M. Sharif Mahmood becomes group CEO (Gulf News)
- 2026Vodafone stake sale closes after the end of Q2 for gross proceeds of AED 21.9 billion, and a 12.5% Careem stake goes to Uber for AED 367 million (Entrepreneur Middle East)
- 20266 October: announces the return to the Etisalat name, in a filing to the Abu Dhabi Securities Exchange (The National)
Leadership team
Jassem Mohamed Alzaabi
Not Verified
Hatem Dowidar
Not Verified
Current job openings
Related articles
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e& in 2026: a new CEO, a AED 21.9 billion Vodafone sale and the Etisalat name returns
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