Business
Model
Financials
Our Strengths
- Strong balance sheet and cash flow
- Disciplined deployment of capital
- Easy access to capital
How We Create Value
- Strong focus on growth while maintaining efficient cost control and improving productivity
- Expanding geographical footprint while maintaining a leadership position in current markets
- Prioritising capital allocation to optimise value creation
Value Created for Stakeholders
- Consistent history of dividend payment (80 fils/ share) with new progressive dividend policy
- Robust EBITDA margin
- High credit ratings (AA-; Aa3 / stable outlook)
Diversified Portfolio
Our Strengths
- Operations in 32 countries1
- Diversified portfolio with mix of maturing high cash flow generating markets and high growth markets
How We Create Value
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Diversifying into non-telecommunication business by scaling up consumer and enterprise digital services
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Diversifying into new geographies with stable currencies and strong growth profile
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Forming strategic partnerships and joint ventures and investing in pioneering start-ups
Value Created for Stakeholders
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No.1 or No.2 in value in most of our key markets
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Large customer base with over >170 million subscribers 1
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Accelerating growth by investing in non-telco business (Careem Everything App, STARZPLAY, Help AG, Beehive, Bespin Global, etc.)
ESG
Our Strengths
- Dedicated sustainability function tasked to further embed sustainability across the Group
- Developing a comprehensive sustainability strategy aligned with business goals and societal expectations
How We Create Value
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Board sub-committee and management steering committee are driving the sustainability agenda forward ensuring focused governance and oversight
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Increased disclosure of relevant ESG metrics and clearer narrative of ESG work enhancing transparency, accountability and stakeholder trust
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Understanding and addressing sustainability material issues across our value chain
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Established an ESG network across the Group
Value Created for Stakeholders
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Maintained ESG performance and ranking in international indices (MSCI “A” rating), inclusion in the FTSE4Good Index and received “B” score in CDP
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Set carbon emission reduction targets. Our commitment to net-zero (Scope 1 and 2) by 2040 at Group level is validated by SBTi2
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Improved our diversity, equity and inclusion performance, with 25.8% women in our workforce and increased the number of women in management3 by 12%
Our People
Our Strengths
- Diverse workforce with 74 nationalities
- Flexible working model including hybrid policy
How We Create Value
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Creating a culture of diversity and inclusion with equalised benefits for all employees
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Focusing on Emiratisation by hiring graduates to develop our future leaders
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Aligning compensation and the benefits framework with long-term strategic objectives
Value Created for Stakeholders
- Employment Engagement Index of 80%
- Featured by Forbes on the World’s Best Employer List
- Certified as a Great Place to Work
- High gender diversity at 26% and record-breaking Emiratisation of 53% in the UAE
Networks
Our Strengths
- Deployed latest technology (4G/ LTE/5G/FTTH)
- Investment in platforms, software, data centres, digital ecosystem, etc.
How We Create Value
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Building one of the best network infrastructures in the world
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Investing in license and spectrum acquisitions to improve quality of service
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Enhancing and digitising customer experience (CVM, data analytics, etc.) and offering
Value Created for Stakeholders
- Leading mobile network download speeds of 313 mbps3
- 5G penetration > 99% of population in the UAE
- UAE global leader in FTTH penetration (98%)
1 - Excluding countries from PPF Telecom transaction (Hungary, Bulgaria, Serbia, Slovakia)
2 - Science-Based Target initiative
3 - UAE operations