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UAE’s Emirates Integrated Telecommunications Company (Du) announced leadership changes on Thursday, including the appointment of a new chairman.
Malek Sultan Rashed Al Malek has been elected to take over the seat of the chairman of the board “with immediate effect”, the telecom operator said in filing to the Dubai Financial Market (DFM).
The board also approved the appointment of Abdulla Khalifa Abdulla Humaid Belhoul as director of the company.
The telecom firm confirmed that Mohamed Bin Hadi Al Hussaini, had quit his post as the company’s director.
The company reported a profit of 496.9 million dirhams ($135.27 million) for the six-month period ended June 30, 2021, down from 570.4 million in the same period last year.
However, it maintained that it had a “solid performance” during the second quarter compared to the same period last year. Its profit went up 11.4 percent to 240 million dirhams during the same period, on the back of high revenues.
Q2 2021 revenues grew 7 percent due to strong demand for 5G handsets and broadband services.
(Writing by Cleofe Maceda; editing by Seban Scaria )
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© ZAWYA 2021