Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) signed an agreement to acquire ElGrocer DMCC on November 18, 2021. The transaction will be funded by cash. Closing of the transaction is subject to customary closing conditions.

Emirates Telecommunications Group Company PJSC (ADX:ETISALAT) completed the acquisition of El Grocer DMCC from elGrocer LTD for AED 38 million on January 28, 2022. The acquisition completed following satisfaction all conditions precedent.