Etisalat's net profit rose to Dh2.4bn in the third quarter to September 30. Courtesy Etisalat
Etisalat's net profit rose to Dh2.4bn in the third quarter to September 30. Courtesy Etisalat
Etisalat's net profit rose to Dh2.4bn in the third quarter to September 30. Courtesy Etisalat
Etisalat's net profit rose to Dh2.4bn in the third quarter to September 30. Courtesy Etisalat

Etisalat appoints Hatem Dowidar as its new group CEO


Alkesh Sharma
  • English
  • Arabic

Etisalat, the UAE's biggest telecoms company, appointed Hatem Dowidar as its new group chief executive, the company said.

In May, Mr Dowidar was appointed as acting group chief executive after Etisalat's long serving chief executive Saleh Al Abdooli stepped down for personal reasons.

Mr Dowidar joined Etisalat in September 2015, having previously worked as Vodafone Group's chief of staff in London. He became chief executive of Etisalat's international business in March 2016.

He initially joined Vodafone Egypt in 1999 as marketing director and became its chief executive in 2009.

Hatem Dowidar, group chief executive of Etisalat. Courtesy Etisalat
Hatem Dowidar, group chief executive of Etisalat. Courtesy Etisalat

"Mr Dowidar has a long track record of achievements in the various leadership positions he held at Vodafone Group and its subsidiaries … he brings 30 years of experience in multinational companies … more than 24 of these within the telecommunications industry," Etisalat said in a statement on the Abu Dhabi Securities Exchange, where its shares trade.

“He has extensive corporate governance experience from his representation as chairman and board member in several corporate boards within and outside the telecommunications industry.”

Mr Dowidar also sits on the boards of Etisalat's subsidiaries in Morocco, Egypt and Pakistan.

Etisalat, which is majority owned by the government, in October reported a 6 per cent year-on-year rise in third quarter net profit to Dh2.4 billion. Meanwhile, revenue rose marginally by 0.5 per cent to reach Dh13bn.

Its subscriber base in the UAE grew to 12.1 million during the period.

The specs
  • Engine: 3.9-litre twin-turbo V8
  • Power: 640hp
  • Torque: 760nm
  • On sale: 2026
  • Price: Not announced yet
Profile

Company: Libra Project

Based: Masdar City, ADGM, London and Delaware

Launch year: 2017

Size: A team of 12 with six employed full-time

Sector: Renewable energy

Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.

Asia%20Cup%202022
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1987

1954

1921

1888

The specs: 2018 Jeep Grand Cherokee Trackhawk


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Engine: Supercharged 6.2-litre V8
Gearbox: Eight-speed automatic
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Torque: 875Nm @ 4,800rpm
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Specs

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Director: Amith Krishnan

Rating: 3.5/5

UAE currency: the story behind the money in your pockets
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About Karol Nawrocki

• Supports military aid for Ukraine, unlike other eurosceptic leaders, but he will oppose its membership in western alliances.

• A nationalist, his campaign slogan was Poland First. "Let's help others, but let's take care of our own citizens first," he said on social media in April.

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From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

COMPANY PROFILE
Name: HyperSpace
 
Started: 2020
 
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
 
Based: Dubai, UAE
 
Sector: Entertainment 
 
Number of staff: 210 
 
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Company%20Profile
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Cargoz%3Cbr%3E%3Cstrong%3EDate%20started%3A%3C%2Fstrong%3E%20January%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Premlal%20Pullisserry%20and%20Lijo%20Antony%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%2030%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Seed%3C%2Fp%3E%0A
The specs: Macan Turbo

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Torque: 1,130Nm
Transmission: Single-speed automatic
Touring range: 591km
Price: From Dh412,500
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Key facilities
  • Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
  • Premier League-standard football pitch
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