The completion follows the binding agreement announced on 10 July 2026 between e& and Vega, an acquisition vehicle wholly owned by the Niel family group, for the sale of e&'s stake in Vodafone.

Under the transaction, 3,944,743,685 ordinary Vodafone shares were transferred to BNPP Financial Markets, Crédit Agricole Corporate and Investment Bank, and Société Générale.

The proceeds amount to approximately 110.5 pence per share.

e& said it expects to receive the remaining consideration of 2.02 pence per share, equivalent to AED0.4 billion (US$110 million), for Vodafone's FY2026 final dividend on 30 July 2026.

This will bring the transaction's total value to AED21.9 billion (US$5.95 billion), generating a net cash return of AED4.8 billion (US$1.3 billion).

The company said the transaction reflects the evolution of its strategic priorities, enabling it to sharpen its focus on core businesses and unlock the value created by its investments.