OOREDOO

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.

The condensed consolidated interim financial information for Ooredoo Q.P.S.C., based in Doha, Qatar, for the nine-month period ending on 30 September 2023 has been released.

Ooredoo Q.P.S.C. has reported its financial results for the nine-month period ending 30 September 2023. The company saw a 2% increase in revenue, reaching QAR 17.2 billion. EBITDA also increased by 4% to QAR 7.4 billion, with the EBITDA margin improving to 43%. Net profit reached QAR 2.5 billion, up by 19%, and free cash flow grew by 8% to QAR 5.7 billion. The company also reported a stable capital expenditure of QAR 1.6 billion and a customer base of 156.1 million, up by 1%. The group remains on track to achieve its FY23 guidance.

The consolidated financial statement of Ooredoo Q.P.S.C for the nine months ending 30th September 2023 shows a decrease in total assets by 7%, from QR 61,839 million in December 2022 to QR 57,219 million in September 2023. Total liabilities also decreased by 19%, from QR 33,683 million to QR 27,294 million. However, total shareholders' equity increased by 6% from QR 28,156 million to QR 29,925 million. The total revenue increased by 2% to QR 17,240 million, and the net operating profit increased by 8% to QR 4,012 million. The profit attributable to shareholders of the parent increased by 28% to QR 2,664 million, and earnings per share increased by 28% to 0.83 QR units.