e& records net profit of AED 10.8 billion in 2024

e& recorded a net profit of AED 10.8 billion in 2024, marking a 4.3 per cent increase year-over-year, the UAE-based telecommunications company said on Tuesday.

Consolidated revenues reached AED 59.2 billion, growing 10.1 per cent and 12.6 per cent in constant exchange rates,

Its subscriber base in the UAE surpassed 15 million, representing an increase of 5.4 per cent compared to the previous year, and grew to 189.3 million globally, marking an 11.7 per cent increase.

The Chairman of e&, Jassem Mohamed Bu Ataba Alzaabi, said, "Our investments in AI ecosystems, intelligent platforms, and industry-defining solutions reinforce our role as a catalyst for change. At the heart of our success is our talent—the driving force of our innovation. Our leadership in Emiratisation and commitment to workforce upskilling is not just a business responsibility but a strategic advantage.

"By equipping the next generation with AI and digital expertise, we are building the UAE’s digital future and cultivating leaders who will drive global transformation. As we move forward, we will continue to leverage technology as a force for progress, where AI enhances lives, networks fuel digital economies, and every connection we build opens doors to something greater.”