Stock · ADX
Should you buy e& (Emirates Telecommunications Group) stock?
Emirates Telecommunications Group, which trades under the e& brand, is the dominant telecom operator in the UAE and is listed in dirhams on the Abu Dhabi Securities Exchange. Here is what the numbers actually say: the strengths, the risks, and how to buy the share from the UAE.
Key points
- ADX: EAND. UAE telecom, priced in AED and held in a local brokerage account.
- Dominant UAE operator (e&), with a footprint across about 15 countries.
- Reasonable P/E near 10.9 and a dividend yield near 4.8%: income plus scale.
- UAE residents pay no personal capital gains tax on the gain: the return is yours.
01Our review
Emirates Telecommunications Group at a glance
Emirates Telecommunications Group, now branded e&, is the dominant telecom operator in the UAE, with an international presence spanning about 15 markets across Asia, the MENA region and Central and Eastern Europe. Beyond core connectivity it is building out digital services, 5G, cloud, IoT platforms and data centres, which gives it more growth options than a legacy phone company. For a domestic investor it combines scale, strong cash generation and a dividend yield near 4.8% with a reasonable valuation: a P/E near 10.9 after a one-year gain of about 11%. The trade-offs are capital intensity, competition and the currency and macro risk that come with operating across many countries. Below we set out the verifiable facts and the honest trade-offs, then show how a UAE resident actually buys the share.
Strengths
- Market leader: the dominant telecom operator in the UAE, with strong cash generation.
- International footprint: a presence across roughly 15 countries diversifies revenue.
- Digital growth: 5G, cloud, IoT and data centres add options beyond core connectivity.
- Income: a dividend yield near 4.8%, paid in AED, on top of the appreciation case.
- UAE tax treatment: residents pay no personal capital gains tax, so gains are kept in full.
Watch-outs
- Capital intensity: telecoms require heavy, continuous investment in networks.
- International risk: operating across many countries adds currency and macro exposure.
02Snapshot
Emirates Telecommunications Group in brief
Fundamentals verified as of 20 July 2026.
03Share price
How much does an e& share cost?
Below is the latest Emirates Telecommunications Group (e&) price in dirhams and its one-year performance. Prices move during Abu Dhabi Securities Exchange hours, so treat this as a dated snapshot rather than a live quote. This is a large, relatively stable telecom, so day-to-day moves are usually modest.
Dated snapshot (monthly closes), not a live quote. Source:Abu Dhabi Securities Exchange.
04Our verdict
Our verdict, backed by the numbers
Cash-generative telecom with income
A dominant, cash-generative UAE telecom with an international footprint, a reasonable valuation and a solid dividend. Attractive for investors who want scale and income from a leading operator in dirhams.
There is no single answer: it depends on your horizon and what you want from the position, and this section is analysis, not advice. What we can do is separate the bull case from the bear case on the facts.
The bull case is scale, cash and optionality. e& is the dominant UAE operator with strong cash generation, an international footprint across about 15 countries, and growth options in 5G, cloud, IoT and data centres. On a P/E near 10.9 with a dividend yield near 4.8%, the shares combine a reasonable price with income, and UAE residents keep the full return with no personal capital gains tax.
The bear case is capital intensity and international risk. Telecoms must invest continuously in networks, which limits free cash flow, and operating across many countries adds currency and macro exposure. Competition and regulation can also cap pricing power over time.
A reasonable framing: e& is a core, long-horizon holding for investors who want scale and income from a market leader. We deliberately do not publish a numeric price target, and we do not repeat unverifiable "consensus of banks" figures that circulate for UAE names.
05Get started
How to buy e& stock from the UAE
Emirates Telecommunications Group trades in dirhams on the Abu Dhabi Securities Exchange, so buying it from the UAE is straightforward through a regulated broker. A broker comparison is further down the page.
Cash / spot
Buy the real share (cash)
You own the actual share and receive any dividends in AED. To trade on the ADX you first obtain a National Investor Number (NIN) for the Abu Dhabi Securities Exchange, then open an account with a broker licensed by the Securities and Commodities Authority (SCA) or an international broker that offers ADX access. Example: with AED 17,240 you buy about 1,000 shares at the snapshot price; if the price rises 10%, the position is worth about AED 18,964 before fees. Best for buy-and-hold investors.
CFD (leveraged)
Trade via CFD (leverage)
Some international brokers offer CFDs on UAE names. A CFD tracks the price without you owning the share and allows leverage, which magnifies both gains and losses. Costs are the spread plus overnight financing. Leverage is why most retail CFD accounts lose money, so this suits only short-term, risk-aware traders.
For most people building a long-term portfolio, buying the real share through an SCA-regulated broker is the simpler, cheaper choice. Compare brokers on commission, market access and account fees below.
06Playbook
6 practical tips for buying e&
-
Understand what you're buying
Treat e& as a cash-generative, capital-intensive telecom with digital growth options.
-
Get your NIN first
You need a National Investor Number for the ADX before you can trade Abu Dhabi-listed stocks.
-
Pick an SCA-regulated broker
Prioritise brokers licensed by the Securities and Commodities Authority, with low commissions and clear AED pricing.
-
Value the dividend
A yield near 4.8% is part of the case; dividends are paid in AED and untaxed for UAE residents.
-
Watch capital spending
Network investment drives free cash flow, so follow capex and the dividend cover.
-
Diversify
Keep any single telecom a measured slice of a diversified portfolio.
08Where to invest
Where to buy e& stock
The broker you choose affects your net return: commission, ADX market access and account fees all matter. Compare regulated brokers side by side.
Compare brokers for UAE stockse& (Emirates Telecommunications Group) stock FAQ
- Emirates Telecommunications Group (e&) trades on the Abu Dhabi Securities Exchange (ADX) under the ticker EAND, priced and settled in UAE dirhams (AED).
- UAE residents pay no personal capital gains tax and no personal income tax on dividends, so the return on the shares is kept in full. Your situation may differ if you are taxed in another country.
- Yes. Emirates Telecommunications Group pays a dividend, with a yield near 4.8% at the snapshot price, paid in AED. The case combines that income with potential capital appreciation.
- Obtain a National Investor Number (NIN) for the Abu Dhabi Securities Exchange, open an account with an SCA-regulated broker or an international broker offering ADX access, fund it in AED and place your order.
Why trust HelloBrokers on this
We are an independent editorial team. We have never been, and never will be, paid by Emirates Telecommunications Group to cover its stock. We do not publish invented price targets or a fabricated "consensus of banks". The market figures on this page are the values reported on our UAE data pages, dated and refreshed; our rating is our own editorial judgement based on those fundamentals. Our revenue comes from broker referrals, disclosed on every page, and it never changes what we write about a company.
This content is for information only and is not investment advice, a recommendation or a solicitation to buy or sell any security. Past performance does not predict future returns. Investing carries a risk of capital loss; leveraged products (CFDs) amplify that risk. Do your own research and consider professional advice before investing.