Press releases, Reports & Disclosures for OOREDOO

The Extraordinary Meeting of the General Assembly of Ooredoo Q.P.S.C. was held online via Zoom on December 27, 2023. The meeting was attended by the Chairman of the Board of Directors, H.E. Sheikh Faisal Bin Thani Al Thani, Deputy Chairman Dr. Nasser Mohammed Marafih, and other board members. Representatives from the Ministry of Commerce and Industry and the Auditor (PwC) were also present. The meeting was legally quorate with the presence of shareholders owning 81.92% of the company's shares. The meeting was opened by H.E. Sheikh Faisal Bin Thani Al Thani at 4:30 pm.

Ooredoo Q.P.S.C, a Qatari-based telecommunications company, has announced that its fully-owned subsidiary, Ooredoo International Finance Limited (OIFL), will pay its Global Medium Term Note (GMTN) holders' interest payment on January 31, 2024. The payment includes $11,250,000.00 for U.S. $500,000,000 @ 4.50 per cent. Guaranteed Notes due January 31, 2043, and $9,687,500.00 for U.S. $500,000,000 @ 3.875 per cent. Guaranteed Notes due January 31, 2028.

On December 27, 2023, Ooredoo held an Extraordinary General Assembly Meeting at its main headquarters and via Zoom. The meeting saw the approval of several amendments to the company's Articles of Association. These included changing the Qatar Holding company to the Qatar Investment Authority in Articles 8, 22, 26, and 27. Article 62 was also amended, but the specifics of the changes were not detailed in the press release.

Ooredoo Q.P.S.C., a leading communications company in Qatar, has announced that its wholly-owned subsidiary, Ooredoo International Finance Limited (OIFL), will pay interest to its Global Medium Term Note (GMTN) holders on 22 December 2023. The payment will amount to U.S. $9,375,000.00. The announcement was made in accordance with the terms and conditions of the notes and the final terms. Ooredoo Q.P.S.C. is recognized for delivering a range of services including mobile, fixed, broadband internet, and corporate managed services.

Ooredoo Q.P.S.C. has invited its shareholders to an Extraordinary General Assembly Meeting scheduled for 27th December 2023. The meeting will take place at the Ooredoo Main Headquarters and via Zoom. If a quorum is not achieved, the meeting will be rescheduled for 31st December 2023. The agenda includes the approval of amendments to Articles 8, 22, 26, 27, and 62 of the Company’s Articles of Association. The amendments primarily involve changing the Qatar Holding company to the Qatar Investment Authority and altering the distribution of dividends. The proposed amendments can be viewed on the company's website.

Ooredoo Q.P.S.C. has issued an invitation to its shareholders to attend an Extra Ordinary General Assembly Meeting scheduled for December 27, 2023. The meeting will be held at the company’s main headquarters in West Bay and via Zoom. If quorum is not reached, the alternative date is December 31, 2023. The agenda includes the approval of amendments to several articles of the company's Articles of Association, including changing the Qatar Holding company to the Qatar Investment Authority. The amendments also involve changes to the company's profit distribution policy and dividend payments. The proposed amendments can be viewed on the company's website.

Ooredoo, Zain Group, and TASC Towers have signed definitive agreements to merge and create the largest tower company in the MENA region, with an estimated value of USD 2.2 billion. The deal, which includes around 30,000 towers, is expected to bring significant value and capital efficiencies, and help reduce the region's carbon footprint. The combined markets of Qatar, Kuwait, Jordan, Iraq, Algeria, and Tunisia are projected to generate annual revenue of USD 500 million. Ooredoo and Zain will each retain a 49.3% stake in the new entity. The deal is seen as a major step in Ooredoo and Zain's strategies to evolve into smart telecoms and create a value-focused portfolio.

Ooredoo Group has announced its 2023 Capital Markets Day, a half-day virtual event for investors and analysts scheduled for 6th December 2023. The event will provide updates on the company's strategy, continuing under the 2022 theme "Upgrade your world – Upgrade your portfolio". The executive leadership team, including the Group CEO, Group Chief Strategy Officer, FinTech Chief Executive Officer, Group Chief Financial Officer, and President Director and CEO of Indosat Ooredoo Hutchison, will present and interact directly with the investment community. The event aims to update attendees on the company's progress, growth outlook, return profile, and sustainability. Pre-registration is required for attendance.