OOREDOO

Ooredoo Q.P.S.C. reported a 4% increase in revenues in Q1 2024, reaching QAR 5.9 billion. The company's EBITDA also rose by 6% to QAR 2.5 billion, with an EBITDA margin expansion to 43%, up by one percentage point. The normalized net profit grew by 26% to QAR 1.0 billion. Ooredoo spent QAR 382 million on CAPEX and reported an 11% growth in normalized free cash flow to QAR 2.2 billion. The company's customer base increased by 3% to 159.3 million. The company is on track to meet its FY 24 guidance.

The consolidated financial statements for Ooredoo Q.P.S.C for the three months ending 31st March 2024 indicate a decrease in total non-current assets, total current assets, total assets, total current liabilities, total non-current liabilities, total liabilities, and total shareholders equity compared to December 2023. However, there was an increase in total revenue, net operating profit, but a decrease in profit attributable to shareholders and earnings per share compared to 2023.

Ooredoo Q.P.S.C., an international communications company based in Qatar, has announced that it will disclose its Q1 2024 financial results on 30 April 2024. A conference call and investor presentation are scheduled for 6 May 2024. The company operates across the Middle East, North Africa, and Southeast Asia, serving consumers and businesses in ten countries. As of 31 December 2023, Ooredoo generated revenues of QAR 23 billion.

The 26th Ordinary General Assembly Meeting of Ooredoo (Q.P.S.C) was held on 6th March 2024 in Doha, Qatar. The meeting was attended by the board of directors, representatives from PwC, the Ministry of Commerce and Industry, and shareholders. The Chairman of the Board of Directors, H.E. Sheikh Faisal Bin Thani Al Thani, opened the meeting and the appointment of Mr. Hilal bin Mohammed Al -Khulaifi as the "Rapporteur of the meeting" and Mr. Hassan bin Nabeel Al-Kuwari as Assistant Rapporteur were approved by the General Assembly. The agenda was also approved and the meeting proceeded to discuss the company's business plans and the Board's report for the year ended 31 December 2023.

Ooredoo, a telecommunications company, held its Annual General Meeting where the company's Corporate Governance Report and financial statements were approved by shareholders. The Board of Directors' recommendation to distribute a cash dividend of QAR 0.55 per share was also approved. The company reported a net profit of QAR 3 billion for 2023, an increase of 28% from the previous year. Revenue also increased by 2% to QAR 23.2 billion, driven by strong performance in Iraq, Algeria, Kuwait, and the Maldives, despite a decline in Qatar, Myanmar, and Palestine due to foreign exchange depreciation. The company's EBITDA was QAR 9.7 billion, up by 4% year-on-year.

Ooredoo Q.P.S.C, a company located in Doha, Qatar, has announced the closure of its nominations application period for its Board Membership. The upcoming term of three years will start in 2024 and end in 2027. The closure is in accordance with Article (22) of the Company's Articles of Association, Article (97) of Qatar Commercial Companies Law No. (11) of 2015, and the Qatar Financial Markets Authority Governance Code for Companies & Legal Entities Listed on the Main Market. The nomination period was closed on Thursday, 15th February 2024, at 01:00 PM.

The document is a Consolidated Financial Statements and Independent Auditor's Report for Ooredoo Q.P.S.C., based in Doha, Qatar, for the year ending on 31 December 2023.

Ooredoo Q.P.S.C. reported solid financial results for FY 2023 with a 2% increase in revenue to QAR 23.2 billion and a 4% rise in EBITDA to QAR 9.7 billion. The company's net profit hit a record high of QAR 3.0 billion, while the EBITDA margin expanded to 42%. The board proposed a cash dividend of QAR 0.55 per share, up 28%. The company's CAPEX spend was QAR 2.8 billion and it reported a strong normalized free cash flow growth of 6% to QAR 6.8 billion. The customer base, including IOH, was 156.4 million. The company met its full-year 2023 guidance targets.

The board of Ooredoo Q.P.S.C., located at Ooredoo Tower, Building 14, Zone 61, Street 801, Al Dafna, Doha, Qatar, met on 12th February 2024 and approved the consolidated financial statements for FY 2023 ending on 31 December 2023. The meeting was attended by Hilal Mohammed Al Khulaifi, the Group Chief Legal, Regulatory & Governance Officer. The company's authorized capital is QAR 5,000,000,000 and its issued & paid-up capital is QAR 3,203,200,000.