Etisalat's telecom goodwill amounts to $4billion in H1 2017

ABU DHABI, 6th August, 2017 (WAM) -- Etisalat's goodwill amounted to AED14.65 billion during the H1 of 2017 from AED14.09 billion during the corresponding period in 2016.

The growth translates the company's resounding success in keeping its eminent position as a leading entity at the communications sector, not only in the UAE only but also in the Arabian Gulf and Middle East region as well.

It's noteworthy that the value of a companys brand name, solid customer base, good customer relations, good employee relations and any patents or proprietary technology represent goodwill, and as per accounting criteria, rising goodwill reflects a company's highly competitive edge and its ability to secure decent gains and profits over the coming period.

As per official data released by the telecommunications giant, its total assets rose to AED124.5 billion during H1, a 1.6 percent growth from the same period last year when they stood at AED122.5 billion.

Etisalat is considered among the most listed companies attracting investments, with biannual dividends amounting to around 40 percent of its capital - lucrative returns which explain the spiralling demand over its share over the past period.

A close look at July trading value, Etisalat was among the best performers in terms of foreign purchases which amounted to 112.5 million of its shares, which closed on a high note of AED18.75 by the end of July transactions.