The Abu Dhabi telecom group said the disposal generated 21.5 billion AED in gross cash proceeds, with a final 2026 dividend due on July 30 lifting net cash gains to 4.8 billion AED.
e& said it has completed the transfer of its entire Vodafone stake, moving 3,944,743,685 ordinary shares to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale. The transaction delivered gross cash proceeds of 21.5 billion AED ($5.84 billion), or about 110.5 GBX a share, with a remaining 2.02 GBX per-share dividend tied to Vodafone’s final dividend for fiscal 2026 scheduled for payment on July 30, 2026. Including that dividend component, the total consideration reaches 21.9 billion AED ($5.95 billion), producing a net cash proceeds surplus of 4.8 billion AED ($1.3 billion). e& framed the sale as part of a strategic refocus on its core businesses while crystallizing value created through its investments.