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26 December 10:21 PM

Sector News

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1 May 11:28 AM Ooredoo’s profits up 5% in Q1-25; total revenues hit QAR 5.8bn
Mubasher: National Mobile Telecommunications Company (Ooredoo) achieved profits attributable to the owners amounting to QAR 960 million in the first quarter (Q1) of 2025, up 5% from QAR 913 million in Q1-24. Total revenues stood at QAR 5.85 …
Financial Results
Photo Archive
3 March 10:23 AM Ooredoo appoints Acting CEO for Oman
Mubasher: National Mobile Telecommunications Company (Ooredoo) named Saoud Hamad Al Riyami as Acting CEO of Ooredoo Oman, effective from 27 February 2025. The new official succeeded Bassam Yousef Al Ibrahim following the completion of his tenure, …
Global Economy
Photo Archive
13 January 11:13 AM Ooredoo names new Chairman for Kuwait
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Sheikh Nasser bin Hamad Al Thani as Chairman of Ooredoo Kuwait, according to a bourse disclosure. Al Thani was recently announced as the Group Regional CEO for the Middle …
Management Decisions
Photo Archive
4 November 2024 10:08 AM Ooredoo registers solid financial performance in 9M-24; revenues surpass QAR 17.6bn
Mubasher: The profits attributable to the shareholders of National Mobile Telecommunications Company (Ooredoo) rose by 10% to QAR 2.92 billion in the first nine months (9M) of 2024 from QAR 2.66 billion. Revenues grew by 2% to QAR 17.65 billion in …
Financial Results
Photo Archive
24 June 2024 10:15 AM Ooredoo partners with NVIDIA to boost AI revolution in MENA
Mubasher: National Mobile Telecommunications Company (Ooredoo) teamed up with NVIDIA Cloud Partner (NCP) to become a leading digital infrastructure provider in the MENA region. Ooredoo will leverage NVIDIA’s accelerated computing platform to help …
Companies Investments
Photo Gallery
10 March 2024 00:34 PM Kuwait’s stc deploys new 5G wireless service in Middle East
Mubasher: Kuwait Telecommunications Company (stc) has announced the Middle East's inaugural commercial deployment of 5G RedCap Fixed Wireless Access (FWA) service. A groundbreaking advancement in broadband connectivity, the 5G RedCap FWA service …
Companies Investments
Photo Archive
13 February 2024 05:18 PM Ooredoo sees 28% higher profits in 2023; dividends proposed
Mubasher: National Mobile Telecommunications Company (Ooredoo) logged net profits attributable to the owners valued at QAR 3.01 billion in 2023, an annual rise of 28% from QAR 2.36 billion. Total revenues increased by 2% year-on-year (YoY) to QAR …
Financial Results
Photo Archive
10 December 2023 04:47 PM Saudi stc leads innovation hub project with GCC Telco Alliance; listed firms included
Riyadh – Mubasher: Saudi Telecom Company (stc) has announced the Sustainability Innovation Hub as part of its collaboration with GCC Telco Alliance members, which include leading telecom operators from Saudi Arabia, the UAE, Bahrain, Oman, and …
Companies Investments
Photo Archive
25 July 2023 00:21 PM Ooredoo, Zain, TASC Towers to develop MENA’s largest tower firm
Mubasher: National Mobile Telecommunications Company (Ooredoo) has entered exclusive negotiations with Mobile Telecommunications Company (Zain Group) and UAE-based TASC Towers Holding to establish the largest tower firm in the MENA region. The …
Global Economy
Photo Archive
25 May 2023 05:20 PM AAN Digital delists from UAE stock exchange
Mubasher: The Kuwaiti AAN Digital Services Holding Company announced the delisting of its shares from Dubai Financial Market (DFM) upon the Kuwaiti Capital Markets Authority (CMA) resolution to delist from Boursa Kuwait. Delisting AAN Digital’s …
Corporate Actions
Photo Archive
4 May 2023 02:01 PM Ooredoo sees 43% higher profits to shareholders in Q1-23
Mubasher: National Mobile Telecommunications Company (Ooredoo) posted net profits attributable to the owners valued at QAR 961 million in the first quarter (Q1) of 2023, an annual hike of 43% from QAR 671 million. The firm generated revenues worth …
Financial Results
Photo Archive
9 January 2023 06:17 PM Ooredoo names Al Thani as new CEO in Qatar
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Ali bin Jabor Al Thani as the new CEO of Ooredoo Qatar, according to a press release. Before his new role, Al Thani served as the Chief Legal, Regulatory, and Governance …
Management Decisions
Negotiations were extended until 23 September 2021
17 August 2021 11:54 AM Ooredoo, CK Hutchison extend negotiation period to combine Indonesian businesses
Abu Dhabi - Mubasher: National Mobile Telecommunications Company (Ooredoo) and CK Hutchison Holdings Limited (CK Hutchison) have extended the period of exclusivity for the non-legally binding Memorandum of Understanding (MoU) for a possible …
Companies Investments
Zain will invest $10 million in the newly entity between Swvl and Queen's Gambit
1 August 2021 04:19 PM Kuwait's Zain Ventures invests in Pipe, Swvl to support their regional, global growth
Mubasher: Kuwait's Mobile Telecommunications Company (Zain) has launched Zain Ventures to explore future investment opportunities in the venture capital, financial technology (fintech), and the technology world, with a focus on digital innovations …
Companies Investments
Swvl will be the first $1.5 billion unicorn in the Middle East to list on Nasdaq
1 August 2021 10:56 AM Kuwait's Zain to invest $10m in Swvl, Queen's Gambit merged entity
Mubasher: Kuwait's Mobile Telecommunications Company (Zain) will invest in the newly-formed business combination between the Dubai-based ridesharing app Swvl and Nasdaq-listed Queen's Gambit Growth Capital, the first special purpose acquisition …
Mergers and Acquisitions
Al Sulaiti has occupied several roles in Ooredoo since 2004
20 May 2021 11:23 AM Ooredoo appoints new CEOs in Oman, Algeria
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Noor Al Sulaiti as CEO of Ooredoo Oman and Bassam Yousef Al Ibrahim as CEO of Ooredoo Algeria. With over 17-year experience in the telecom industry, Al Sulaiti is the …
Management Decisions
The transaction is expected to close in Q2-2021
31 March 2021 10:31 AM Ooredoo's unit inks $750m sale, leaseback deal for telecom towers in Indonesia
Mubasher: The Indonesian operating company PT Indosat Tbk, a subsidiary of National Mobile Telecommunications Company (Ooredoo), has entered into a $750 million sale and leaseback agreement with PT EPID Menara AssetCo for over 4,200 …
Companies Investments
Photo Archive
24 March 2021 01:08 PM CITC approves merging Zain KSA, Mobily telecom towers under new entity
Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …
Mergers and Acquisitions
The exclusivity period for the MoU is valid until 30 April
28 December 2020 03:37 PM Ooredoo inks exclusive, non-legally binding MoU with CK Hutchison
Mubasher: National Mobile Telecommunications Company (Ooredoo) has signed an exclusive and non-legally binding Memorandum of Understanding (MoU) with CK Hutchison Holdings Limited. Under the agreement, a potential transaction will be conducted to …
Companies Investments
Photo Archive
30 November 2020 01:39 PM Zain KSA successful capital restructuring paves way for dividends, says Group CEO
Riyadh – Mubasher: Zain Group's Vice-Chairman and CEO, Bader Nasser Al-Kharafi, said the successful competition of Zain KSA's capital restructuring enhances its capabilities to expand its strategic investments in the Saudi telecommunications …
Companies Investments
A total of 450 million ordinary shares will be issued
15 October 2020 10:04 AM Zain KSA's EGM agrees on 100% capital rise through rights issue
 Riyadh – Mubasher: The extraordinary general meeting (EGM) of Mobile Telecommunication Company Saudi Arabia (Zain KSA) has approved to raise its capital by 100.3% through rights issue trading. The company will increase its capital to SAR 8.987 …
Management Decisions
Abdulaziz Yacoub Al Babtain is the new CEO of Ooredoo Kuwait
19 August 2020 03:21 PM Ooredoo appoints new CEO for Ooredoo Kuwait
Mubasher: National Mobile Telecommunications Company (Ooredoo) has appointed Abdulaziz Yacoub Al Babtain as the new CEO of Ooredoo Kuwait, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Wednesday. With over …
Management Decisions
The company’s total assets reached KWD 403.7 million
27 July 2020 05:46 PM stc records KWD 136.4m revenues in H1-20
Mubasher: Kuwait Telecommunications Company (stc) reported KWD 15.9 million in net profit during the first half (H1) of 2020. The telecom company achieved revenues of KWD 136.4 million, and earnings per share (EPS) of 32 fils, according to a press …
Financial Results
The plans aim to satisfy the market demand for IoT solutions
21 July 2020 09:40 AM stc unveils new IoT strategy, M2M plans, advanced fleet management solution
Riyadh –Mubasher: Kuwait Telecommunications Company (stc) on Tuesday rolled out new plans to explore machine-to-machine (M2M) and Internet of Things (IoT), as well as the launch of an advanced fleet management solution. stc business focused on …
Macroeconomics
stc’s 5G network currently covers over 90% of the populated areas in Kuwait
5 July 2020 03:00 PM stc takes part in 5G MENA virtual conference
Mubasher: Kuwait Telecommunications Company (stc) said, during the 5G MENA virtual conference, that the Kuwaiti telecom market is a highly challenging and evolving with growing demand, from both individuals and corporates, for 5G services and …
Companies Investments