The Emirates Integrated Telecommunications Company PJSC (du), listed in the Dubai Financial Market (DFM), today has been able to issue a business update following the recent developments.
Du assured the network infrastructure, core systems, and customer channels are functioning normally with full-service delivery in the mobile, fixed, and enterprise segments.
Business continuity structures used by the company are operational with full potential of facilitating operational preparedness and responsive risk management. Du is based in the UAE and offers essential connectivity infrastructure to consumers, businesses, and government organizations.
The company reports that the need to have reliable mobile, fixed, and enterprise services is structurally justified by the necessity of telecommunications and the further digitalization of the economy, with du now serving about 9.7 million mobile subscribers and 735,000 fixed customers, representing the size and strength of its customer franchise.
Fahad Al Hassawi, Chief Executive Officer of du, said, “Our priority remains ensuring uninterrupted connectivity and maintaining the resilience of our operations, while ensuring the safety of our people. We operate critical national infrastructure, and our role within the UAE economy is very clear. While we continue to monitor developments carefully, our business fundamentals remain robust, supported by a recurring revenue base, disciplined capital management, and a strong liquidity position. We remain committed to executing our strategic priorities, including investment in 5G, fibre infrastructure, enterprise digital solutions, Fintech and ICT, while maintaining a balanced and sustainable approach to our shareholder returns.”
The omnichannel distribution model of du that integrates a physical retail presence with fully digital platforms is a continuity that provides customers access and interaction with du despite different conditions of operation. The ICT activities conducted by du remain to sustain the digital requirements of the organizations in the country, both in the public and the private sector.
By year-end 2025, du will keep AED 4.2 billion in liquidity, which comprises cash and undrawn committed facilities. The company records that its balance sheet is in a conservatively located position, which gives it huge financial flexibility to negotiate changing conditions.
The company affirmed the recommendation of the Board of distributing 64 fils per share of the company as of the year 2025, and 24 fils have already been distributed to the shareholders.
Du keeps a close eye on developments as it stays focused on operational excellence, customer service, and disciplined capital allocation.
