Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Arab Emirates
  4. Abu Dhabi Securities Exchange
  5. Emirates Telecommunications Group Company PJSC
  6. News
  7. Summary
    ETISALAT   AEE000401019

EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC

(ETISALAT)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

IHC becomes Abu Dhabi's most valuable listed firm after unit lists

06/27/2021 | 04:11am EDT

DUBAI, June 27 (Reuters) - International Holding Company , whose assets include firms in the fast-growing healthcare and industrial sectors, became Abu Dhabi's most valuable listed company on Sunday when its shares surged nearly 15% after the listing of a subsidiary.

The company is chaired by Sheikh Tahnoon bin Zayed Al Nahyan, the United Arab Emirates' national security adviser and a brother of the country's de facto ruler Abu Dhabi Crown Prince Mohammed bin Zayed.

IHC's market capitalisation hit 201.7 billion dirhams ($54.92 billion) after the market debut of Alpha Dhabi , a holding company operating in the healthcare, construction and hospitality sectors, in which IHC holds a 45% stake.

That exceeded telecom operator Etisalat's $52.6 billion market cap, and brought gains in IHC shares this year to more than 163%.

Alpha Dhabi opened at 20 dirhams a share on the Abu Dhabi Securities Exchange. By the close it had eased to 15 dirhams, giving it a market value of 150 billion dirhams ($40.8 billion).

The share surge also lifted the Abu Dhabi index which closed 2% higher. Market capitalisation of the bourse crossed over 1 trillion dirhams for the first time ever.

IHC, which operates in a range of sectors including healthcare and agriculture, has gone through rapid expansion across its major business sectors, resulting in sharp growth in its financials.

Its healthcare subsidiaries have been involved in the treatment of COVID-19 patients in the UAE, including taking part in testing and the vaccine campaign, IHC's annual report says.

Alpha Dhabi in March acquired a 12.1% stake in Abu Dhabi's biggest listed developer Aldar Properties, the builder of the emirate's Formula One race track.

IHC has seen rapid growth in earnings in the past year, reporting a first-quarter profit of 1.5 billion dirhams ($408 million), up from 112.2 million dirhams a year earlier ($1 = 3.6728 UAE dirham) (Ateeq Shariff is in Bengaluru; additional reporting by Alexander Cornwell in Dubai; Editing by Alexander Smith and Jan Harvey)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALDAR PROPERTIES PJSC 0.00% 4.05 End-of-day quote.28.57%
EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC 0.33% 24.34 End-of-day quote.44.02%
INTERNATIONAL HOLDING COMPANY PJSC -0.61% 146.1 End-of-day quote.247.86%
All news about EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC
09/07Etisalat buoys Abu Dhabi bourse as Saudi extends gains
RE
08/24Exclusive-Abu Dhabi conglomerate IHC eyes deals worth 'a few billion dollars', CEO says
RE
08/15Etisalat Group Announces Appointment of Masood M. Sharif Mahmood as Chief Executive Off..
CI
07/29Emirates Telecommunications Group Company PJSC Approves Distribution of Interim Dividen..
CI
07/29Tranche Update on Emirates Telecommunications Group Company PJSC's Equity Buyback Plan ..
CI
07/29Emirates Telecommunications Group Company PJSC Reports Earnings Results for the Second ..
CI
06/27IHC becomes Abu Dhabi's most valuable listed firm after unit lists
RE
06/20Emirates Telecommunications Group Company PJSC Announces the Resignation of Ahmed Moham..
CI
04/28Emirates Telecommunications Group Company PJSC Approves One-Time Special Dividend for t..
CI
04/28Emirates Telecommunications Group Company PJSC Approves Final Dividend for the Year End..
CI
More news
Analyst Recommendations on EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC
More recommendations
Financials
Sales 2021 53 127 M 14 465 M 14 465 M
Net income 2021 9 367 M 2 550 M 2 550 M
Net cash 2021 2 057 M 560 M 560 M
P/E ratio 2021 23,1x
Yield 2021 3,84%
Capitalization 212 B 57 628 M 57 634 M
EV / Sales 2021 3,95x
EV / Sales 2022 3,81x
Nbr of Employees -
Free-Float 40,0%
Chart EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC
Duration : Period :
Emirates Telecommunications Group Company PJSC Technical Analysis Chart | ETISALAT | AEE000401019 | MarketScreener
Technical analysis trends EMIRATES TELECOMMUNICATIONS GROUP COMPANY PJSC
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 10
Last Close Price 24,34 AED
Average target price 20,28 AED
Spread / Average Target -16,7%
EPS Revisions
Managers and Directors
Hatem Mohamed Galal Ahmed Dowidar Chief Executive Officer
Karim Bennis Chief Financial Officer
Jassem Mohamed Al-Zaabi Chairman
Ahmed Mohamed Sultan Al-Dhaheri Independent Non Executive Director
Essa Abdulfattah Kazim Al-Mulla Vice Chairman