OOREDOO

Ooredoo Q.P.S.C. announced that its wholly-owned subsidiary, Ooredoo International Finance Limited, will pay interest to holders of its Global Medium Term Notes on December 23, 2024. The notes, valued at $500 million with an interest rate of 3.75%, are due on June 22, 2026. The interest payment amounts to $9,375,000. Ooredoo is a leading communications company in Qatar, offering mobile, fixed, broadband internet, and corporate managed services, with a focus on enriching people's lives and fostering growth through communication.

Ooredoo Q.P.S.C. in Doha, Qatar, has released its condensed consolidated interim financial information for the nine-month period ending on September 30, 2024.

The consolidated financial statements of Ooredoo Q.P.S.C for the nine months ending September 30, 2024, show the following key elements: Total non-current assets decreased by 3% to QR 40,056 million, while total current assets increased by 9% to QR 18,685 million, resulting in a total assets increase of 1% to QR 58,741 million. Total current liabilities decreased by 6% to QR 10,653 million, and total non-current liabilities decreased by 7% to QR 15,207 million, leading to a total liabilities decrease of 6% to QR 25,860 million. Shareholders' equity rose by 8% to QR 32,881 million. In terms of profit and loss, total revenue increased by 2% to QR 17,657 million, net operating profit rose by 11% to QR 4,444 million, and profit attributable to shareholders grew by 10% to QR 2,923 million. Earnings per share increased by 10% to QR 0.91.

Ooredoo Q.P.S.C. will announce its Q3 2024 financial results on October 30, 2024. An investor conference call is scheduled for November 4, 2024, with the related presentation available on the company's website. Registration for the call is required. Ooredoo operates in the Middle East, North Africa, and Southeast Asia, serving consumers and businesses in nine countries. As of December 31, 2023, it reported revenues of QAR 23 billion. Ooredoo's shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

Ooredoo successfully raised USD 500 million through an oversubscribed 10-year bond issuance with an annual coupon rate of 4.625%, maturing in October 2034. The bond achieved a spread of 88 basis points over 10-year U.S. Treasuries, marking the tightest spread in Ooredoo's history and one of the lowest for a global telecommunications company since 2020. The issuance was 3.6 times oversubscribed, attracting a diverse group of investors from the U.S., U.K., Europe, Asia, and the MENA region. The proceeds will be used for general corporate purposes, including refinancing existing debt. The bonds are rated A2 by Moody's and A by S&P. Ooredoo's Group CEO, Aziz Aluthman Fakhroo, highlighted the strong investor confidence in the company's strategy and financial performance. The issuance was coordinated by Citigroup, J.P. Morgan, and HSBC.

Ooredoo Q.P.S.C. has announced that its wholly-owned subsidiary, Ooredoo International Finance Limited (OIFL), will make interest payments to its Global Medium Term Note (GMTN) holders. The payments will be made on 8 October 2024 and 21 October 2024, in accordance with the Terms and Conditions of the Notes and the Final Terms. Specifically, U.S. $1,000,000,000 @ 2.625% Guaranteed Notes due 8 April 2031 will have an interest payment of U.S. $13,125,000.00 on 8 October 2024, and U.S. $750,000,000 @ 5.00% Guaranteed Notes due 19 October 2025 will have an interest payment of U.S. $18,750,000.00 on 21 October 2024.

Ooredoo Group has secured a QAR 2 billion financing deal with QNB, Doha Bank, and Masraf Al Rayan to enhance its data center and AI business. This 10-year hybrid facility, comprising both commercial and Islamic tranches, is the largest tech sector transaction in Qatar. The funds will be used to expand and modernize Ooredoo's data centers across the MENA region, supporting the growing demand for hyperconnectivity, AI, and cloud services. Aziz Aluthman Fakhroo, Group CEO of Ooredoo, highlighted the significant potential in the MENA region for data centers and expressed gratitude to the financial institutions involved for their support in this strategic initiative.

Ooredoo Q.P.S.C., located at Ooredoo Tower, Building 14, Zone 61, Street 801, Al Dafna, Doha, Qatar (P.O. Box 217), held a Board meeting on 30 July 2024 at 1:30 pm. The meeting approved the Consolidated Financial Statements for the first half of 2024, ending on 30 June 2024. The company's authorized capital is QAR 5,000,000,000, and its issued and paid-up capital is QAR 3,203,200,000. The contact details include Tel No.: (+974) 4440 0400 and Fax No.: (+974) 4411 0389. The Group Chief Legal, Regulatory & Governance Officer is Hilal Bin Mohammed Al-Khulaifi. For more information, visit ooredoo.qa.