du announces the launch of a secondary public offering of its shares
Subscription Period Starts Today.

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 starts on Monday, 8 September and will run until 12:00 PM on Friday, 12 September 2025.

du’s Investment Proposition

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 AED 50B+ in estimated total revenue in 2024, with mobile service revenues accounting for approx. AED 19B and fixed-line service revenues accounting for approx. AED 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, 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 AED 7.8B.
  • EBITDA rose 16% YoY to AED 3.7B with margin of 47%.
  • Net profit up 22% YoY to AED 1.4B.
  • Operating free cash flow reached AED 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 AED 0.54 per share, up 59% YoY.
  • Consistently increased dividend per share and dividend payout over the past three years, from AED 0.24 in 2022 (89% payout) to AED 0.54 in 2024 (98% payout), reflecting a 50.0% CAGR.

du benefits from supportive UAE macroeconomic environment

Strong and growing market position

Single-market strategy with localised execution

Expanding core telecoms and other adjacent areas

Strong financial performance, combining top line growth and improved profitability (H1 2025)

Solid balance sheet and track record of high shareholder distributions and value creation

Key dates to remember:

  • Retail Subscription Period Starts : 8 September 2025
  • Retail Subscription Period Ends : 12 September 2025 (12:00 PM)
  • Announcement of Final Offer Price and Allocation : 15 September 2025
  • Shares Available for Trading : 16 September 2025

If you wish to apply for leverage, please subscribe early to ensure adequate processing time.

To find out more information about the secondary public offering, call us on 600571111

Disclaimer: This announcement has not been reviewed or approved by the SCA or any regulator in the UAE or elsewhere, does not form part of the Prospectus, and should not be considered an offer of securities in any jurisdiction. Any decision to invest in the shares should be based solely on the information in the Prospectus.

Secondary Public Offering of du Shares

The subscription period for du’s secondary public offering runs from Monday, 8 September 2025 until 12:00 PM on Friday, 12 September.