Please wait...
GulfBase Live Support
- MSX-listed industrial firms shine following signing of Oman-India CEPA
- Visa partners with Aldar to complete first end to end voice-enabled agentic payment in the region
- UAE accelerates toward 2026 with unmatched financial and digital strength
- Qatar records 34 more LNG cargoes in 11 months up to November: GECF
- Oman, Türkiye aim to raise bilateral trade to $5bn over next five years
- NBB signs deal with Procural to boost digital procurement capabilities
- Basrec partners with Lumofy to build future-ready workforce
- Burjeel Holdings appoints Dr Shamsheer Vayalil as CEO too
- Alba contains industrial fire safely
- ADNOC secures $2bn K-Sure-backed green projects funding
07/03/2018 05:55 AST
Etisalat, the biggest telecommunications company in the UAE, is seeking to buy back stock valued at as much as $2 billion. The shares climbed.
The board of Emirates Telecommunications Group, also known as Etisalat, recommended purchasing up to five per cent of the phone operator's paid-up capital, or 434.8 million shares, the Abu Dhabi-based company said in a statement. The buyback is intended for canceling or reselling the shares, it said, without providing the terms.
Etisalat, which competes with Dubai-based Du at home, runs operations in countries ranging from Pakistan to Egypt. It has a market capitalisation of Dh151 billion ($41 billion), and based on Monday's closing share price the buyback will be valued at Dh7.5 billion.
The shares advanced as much as 4.1 per cent, the most in more than than year, in Abu Dhabi. The board's recommendation is subject to shareholders' approval at a general assembly meeting scheduled for March 21.
Gulf News
29/10/2025
e& today has reported a consolidated revenue of AED18.6 billion ($5.06 billion), growing 29.2 per cent year-over-year (YoY), while consolidated revenues for the first nine months of 2025 recorded AED
Trade Arabia
19/10/2025
Amazon Web Services (AWS) and global technology group e& are bringing to life their digital transformation vision with the launch of the nationwide initiative "AI Nation - Afaaq" programme to train 3
Trade Arabia
16/10/2025
Global technology group e& has signed agreements with Ericsson at Gitex Global 2025 to transform its core network and operations and business support systems (OSS/BSS) architecture and infrastructure
Trade Arabia
| Ticker | Price | Volume |
|---|
22/12/2025
Visa and Aldar have announced a strategic collaboration that marks the first live implementation of Visa Intelligent Commerce in the region, introducing end-to-end, voice-enabled agentic payment expe
Khaleej Times
22/12/2025
The National Bank of Bahrain (NBB) has signed a strategic agreement with Procural, a Bahrain-based digital procurement and tendering platform.
The collaboration supports NBB's ongoing digita
Trade Arabia
22/12/2025
Bahrain Ship Repairing & Engineering Company (BASREC) has signed a strategic agreement with Lumofy, an AI-powered talent development and competency management platform, as part of its commitment to a
Trade Arabia
22/12/2025
Burjeel Holdings, a leading super-specialty healthcare services provider in MENA, has announced that its Board of Directors has approved the appointment of Dr Shamsheer Vayalil as Chief Executive Off
Trade Arabia
22/12/2025
Aluminium Bahrain (Alba), the world's largest aluminium smelter on one site, has swiftly contained an industrial fire that broke out at a power rectiformer in the morning of December 19, a company st
Trade Arabia
Financial Information Co.
Saudi Arabia