e& reports consolidated net profit of AED 4.9bln for H1 2022, up 2.5 percent

e& reports consolidated net profit of AED 4.9bln for H1 2022, up 2.5 percent

(*) At constant exchange rates, revenue increased by +3.8% percent and EBITDA increased by +4.1% percent year-over-year

Key operational highlights and developments for H1 2022

- e&:

- Board approves interim dividend of 40 fils per share for H1 2022

- Acquired approximately 2,766 million shares in Vodafone Group Plc (“Vodafone”), representing 9.8% of Vodafone’s issued share capital (excluding treasury shares)

- Completed the acquisition of elGrocer, under the Smiles brand

- Launched region’s first Telco NFT collection to strengthen blockchain legacy

- Announced the readiness of SmartHub Datacentre as the future telecom hub in the region

- Partnered with G42 to create the UAE and Middle East’s largest data centre provider, Khazna Data Centers, to support the creation of a digital ecosystem

- Entered a new phase of collaboration and strategic partnership with Microsoft to drive innovation and digital transformation

- Open Radio Access Network (RAN) MoU comprising of Middle East operators including e& opened the region’s first centralised test lab in collaboration with TIP and Intel

- Partnered with Meta to drive innovation with enhanced Augmented Reality (AR) and Virtual Reality (VR) experiences and conversational commerce in its digital communication projects

- e&, Abu Dhabi Digital Authority (ADDA) and Trend Micro partnered to launch Cyber Eye, an initiative to strengthen