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Monday, 01 December 2008 | 20:53 UAE time

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Emirates Telecommunications Corporation

  • 12.25 Last
  • -0.20 (-1.61%) Today's Change
  • 335,685 Volume
  • 12.05-22.15 52 Week Range
  • -6.10 (-33.24%) 52 Week Change
As of 1 Dec 2008 09:59 GMT (Market Closed)

COMPANY DESCRIPTION

Emirates Telecommunications Corporation is the second-largest Arab phone company and better known in its UAE base as Etisalat.

Like rival Gulf-based telecom companies, Etisalat is seeking to boost mobile penetration in new markets including the African continent, where it has just increased its holding in Atlantique Telecom, giving it a stronger position in West Africa.

Chairman Mohammad Hassan Omran said in May that the company was also considering investing in Iran’s mobile phone market.

Etisalat won Egypt's third mobile license last year with a USD 2.9 bid while it also acquiring Indonesia's PT Excelcomindo Pratama.

The company is seeking to expand operations in Algeria, Lebanon, Iraq, Oman, South Africa and India.

KEY INFORMATION

Industry

Fixed Line Operators, Internet Service Providers, Mobile Network Operators, Telecommunication Services

Address

Etisalat Building, Sheikh Rashid Bin Saeed Al Maktoum Street, 3838, Abu Dhabi, UAE

T

971 2 6283333

F

971 2 6317000

E

help@etisalat.ae

W

www.etisalat.ae

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 1 Dec 1976 -

MAJOR SHAREHOLDERS

NameCountry
Ministry of Finance & Industry UAE

PORTFOLIO

NameCountry
Atlantique Telecom Cote D'Ivoire
Canar Telecommunication Company Sudan
Dubai Global Sukuk UAE
EDHC UAE
E-Marine UAE
Emerging Markets Telecommunications Services Nigeria
Emirates Cable TV & Multimedia UAE
Emirates-Sudan Bank Sudan
Etihad Etisalat Company Saudi Arabia
Etisalat International Afghanistan Afghanistan
Etisalat International Pakistan Pakistan
Etisalat International UAE
Etisalat Misr Egypt
Etisalat Services Holding UAE
Etisalat Services UAE
Etisalat Software Solutions Privet India
Etisalat University College UAE
New ICO Global Communications USA
Pakistan Telecommunication Company Pakistan
PT Excelcomindo Pratama Indonesia
Qatar Telecom UAE
Sudatel Telecommunications Group Sudan
Swan Telecom India
Thuraya Satellite Telecommunications Company UAE
UT Technologies UAE
Wings UAE
Zanzibar Telecom Tanzania

OFFICERS

BOARD OF DIRECTORSPosition
HE Mohammad Hassan Omran Chairman
HE Khalaf bin Ahmed Al Otalba Vice Chairman
HE Saeed Mubarak Rashid Al Hajeri Board Member
HE Omar Mohammad bin Sulaiman Board Member
HE Hamad Mohammad Al Hur Al Suwaidi Board Member
HE Sheikh Ahmed Mohammad Sultan bin Suroor Al Dhaheri Board Member
HE Eisa bin Nasser bin Abdullatif Al Serkal Board Member
HE Abdul Rahman Al Rustomani Board Member
HE Abdulla Ibrahim Al Daboos Board Member
HE Saeed Mohamed Al Sharid Board Member
HE Omar Saif Mohammad bin Huraiz Board Member
MANAGEMENTPosition
Mohammed Khalfan Al Qamzi Chief Executive Officer
Jamal Al Jarwan Chief Executive Officer - International Investments
Salim Ali Al Sharhan Chief Financial Officer
Ahmad Abdulkarim Julfar Chief Operating Officer
Essa Al Haddad Chief Marketing Officer
Nasser bin Obood Chief Corporate Affairs Officer
Abdulaziz Al Sawaleh Chief Human Resources Officer
Ali Al Sharhan Executive Vice President - Information Technology
Ali Amiri Executive Vice President - Carrier & Wholesale Services
Fadhel Al Ansari Executive Vice President - Engineering
Abdulrahim Al Nooryani Executive Vice President - Contracts & Administration
Tareq Al Kharji Vice President - Network Operation
Khalifa Al Shamsi Vice President - Marketing Consumer & SMB
Ahmad bin Ali Vice President - Corporate Communication
Abdullah Hashim Vice President - Marketing Enterprise Solutions
Saoud Al Shamsi Sales Director - Enterprise Solutions
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.