During a Board Meeting held at Etisalat Head Office in Abu Dhabi, Etisalat’s Board approved the consolidated financial results for fiscal year ended Dec.31. The Board members also proposed final dividends at 60 fils par value for fiscal year 2011. Etisalat, operating in 17 countries in the Middle East, Asia and Africa has announced its audited consolidated financial results for 2011, where the corporation has achieved growth in subscriber numbers by 22 per cent, reaching 167 million. The corporation has also witnessed 1 per cent growth in revenues reaching Dhs32.2 billion and profits of Dhs11.6 billion before 50 per cent Federal Royalty.