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Etisalat (EAND) – Introduction and background |
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Emirates Telecommunications Group Company, commonly known as Etisalat, is an Emirati telecommunications company.
Founded in 1976 and headquartered in Abu Dhabi, Etisalat is one of the largest telecom operators in the Middle East. The company also operates in Africa and Asia. Etisalat provides a wide range of services, including fixed-line and mobile telephones, broadband internet, and digital television. Etisalat also offers enterprise solutions, including cloud services, IoT, and cybersecurity solutions, which account for a growing portion of overall revenue. The company operates in 16 countries across the Middle East, Africa, and Asia. Most of its services now operate under the brand e&.
Etisalat is publicly traded on the Abu Dhabi Securities Exchange (ADX) under the ticker EAND. The UAE government is the majority shareholder, holding 60% of all shares through the Emirates Investment Authority, making this a state-controlled enterprise. The next largest shareholders are major foreign index funds such as State Street.
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ADS Securities LLC (“ADSS”) is authorised and regulated by the Securities and Commodities Authority (“SCA”) in the United Arab Emirates as a trading broker for Over the Counter (“OTC”) Derivatives contracts and foreign exchange spot markets. ADSS is a limited liability company incorporated under United Arab Emirates law. The company is registered with the Department of Economic Development of Abu Dhabi (No. 1190047) and has its principal place of business at 8th Floor, CI Tower, Corniche Road, P.O. Box 93894, Abu Dhabi, United Arab Emirates.
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