Etisalat best placed in the GCC for corporate action

Etisalat has the largest headroom for corporate action in the region, with $16.4 billion (Dh60bn) in the bank, according to a report on the Gulf's telecom sector.

Qatar's Qtel was the top performer in the region in the JP Morgan report, which said more than three decades of operation had given etisalat enough legroom for expansion.

Corporate action can include stock splits, dividends, mergers and acquisitions, rights issues and spinoffs.