For an optimal experience please rotate your device to portrait mode
Emirates Integrated Telecommunications Company PJSC (“du”), a leading telecoms and digital services provider in the UAE whose ordinary shares are listed on the Dubai Financial Market (DFM) (DFM Symbol: du/ISIN: AEE000701012), announced the launch of a secondary public offering of its shares, increasing du’s free float and contributing to the improvement of its stock liquidity.
The subscription period for the offering started on Monday, 8 September 2025 and will run until 12 PM Friday 12 September 2025. The price range has been set between 9.00 and 9.90 per share, representing a discount of 9.1% at the lower end of the price range compared with du’s closing share price on Thursday, 4 September 2025.
Abu Dhabi Islamic Bank PJSC present you with the opportunity to subscribe to du’s secondary public offering.
du is a leading UAE telecoms and digital services provider, with a single market focus and a clear strategy to drive growth in core connectivity services and high growth adjacencies. It is leading the way into a digitally enabled tomorrow.
du benefits from supportive UAE macroeconomic environment
UAE GDP projected to grow 4% in 2025 and average 5% through 2027 (IMF). Digitally savvy, young population (79% under 44) and population growth from 1M in 1980 to 10.7M in 2023. Digital Economy Strategy targets doubling digital GDP to 19% by 2031; smart infrastructure and tourism provide further support.
Strong and growing market position
The UAE telecommunications market is sizeable, generating 50B+ in estimated total revenue in 2024, with mobile service revenues accounting for approx. 19B and fixed-line service revenues accounting for approx. 16B. du has successfully increased its subscriber base and market share in both mobile and fixed.
Single-market strategy with localised execution
UAE-focus enables customer-centric solutions, capital efficiency and reduced complexity. Aligned with national priorities like “Projects of the 50” and “We the UAE 2031”. Strategic pillars include: growing the core business by targeted product innovation, expansion into data centre/cloud/FinTech, state of the art technology and digital-first customer experience.
Expanding core telecoms and other adjacent areas
As at 30 June 2025, 9.10M+ mobile subscribers growing by 10.8%, driven by tailored bundles and enterprise mobility, success of Alo and expansion of retail presence. As at 30 June 2025, 12.0% increase in its fixed customer base to 0.7M+, driven by Home Wireless and fibre broadband. Adjacency growth through du Tech’s ICT expansion, sovereign-grade cloud services, and du Pay’s growth.
Strong financial performance, combining top line growth and improved profitability (H1 2025)
Revenue grew 8% YoY to 7.8B. EBITDA rose 16% YoY to 3.7B with margin of 47%. Net profit up 22% YoY to 1.4B. Operating free cash flow reached 2.7B, up +16% YoY.
Solid balance sheet and track record of high shareholder distributions and value creation
Unleveraged balance sheet supports investment in growth and shareholder distributions. Uninterrupted dividends since 2012, with record 2024 dividend of 0.54 per share, up 59% YoY. Consistently increased dividend per share and dividend payout over the past three years, from 0.24 in 2022 (89% payout) to 0.54 in 2024 (98% payout), reflecting a 50.0% CAGR.
du.ae/secondary_public_offering
ADIB IPO Call Centre: +971 2 652 0878
A Leading Islamic bank with a Strong Customer Franchise
Locate your nearest ADIB Branch, ATM, CCDM or Smart Teller
Got a question? We are here to help you
Write, call or send a message
