Dubai, UAE – Emirates Telecommunications Group E& announced on Friday the successful completion of the process of transferring its entire stake amounting to 3,944,743,685 common shares in Vodafone to BNP Paribas Financial Markets. Credit Agricole Corporate and Investment Banking and Société Générale.
This comes as a continuation of its statement issued on July 10, 2026, regarding the signing of a binding agreement with Vega. It is an acquisition instrument wholly owned by the “Neil” family group (Neil Family Group). To sell E&’s entire stake in Vodafone Group PLC “Vodafone”.
The successful completion of the transfer generated total cash revenues for the E&Group of AED 21.5 billion ($5.84 billion). This represents about 110.5 British pence per share.
The remaining return of £2.02 per share (equivalent to AED 0.4 billion/$0.11 billion), linked to Vodafone’s final profits for the fiscal year 2026. It will be collected on July 30, 2026, bringing the total return to AED 21.9 billion (equivalent to $5.95 billion).
This deal resulted in a net cash return for E& of AED 4.8 billion (approximately $1.3 billion). It reflects the group’s strategic priorities in terms of focusing on its core business, while reaping the returns resulting from its investments.
