Oman Qatari Telecommunications SAOG (ORDS)

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News

10 December 2023 03:47 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

20 May 2021 10:23 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

2 January 2020 00:43 PM Omani Ooredoo to provide Ruwi with Super Fibre Network

Mubasher: Oman Qatari Telecommunications (Ooredoo Oman) will extend its Super Fibre Home Internet service to Ruwi City Centre in Muscat next week to provide its residents with up to 1Gbps starting from OMR 28 per month. The Super Fibre service’s …

Company News

7 March 2019 01:53 PM 8 GCC telecom firms among top valuable brands in 2019

By: Mahmoud Gamal Abu Dhabi – Mubasher: Eight GCC telecommunications companies ranked among the world’s 300 top valuable telecoms operator brands in 2019, according to a recent study by Brand Finance. The UAE telecom operator Emirates …

Macroeconomics

23 April 2017 09:24 AM Ooredoo Oman profits drop 44% in Q1

Mubasher: The unaudited financial statements of Ooredoo Company showed a decline of 44.4% in profits for the first quarter of 2017. The profits stood at OMR 7 million ($18 million) in Q1-17, compared to OMR 12.6 million ($32.6 million) in Q1-16, …

Financial Results

21 March 2017 08:53 AM Ooredoo nods to annual dividends

Mubasher: Ooredoo said its shareholders have approved 42% cash dividends, equivalent to 42 baisas per share, for fiscal year 2016, according to a bourse statement. The company’s stock fell 6.5% to OMR 0.55 at Tuesday’s open, with a turnover of OMR …

Cash Dividends

25 January 2017 10:38 AM Ooredoo, Woqod to discuss Q4 results in February

Mubasher: Ooredoo and Qatar Fuel (Woqod) said Wednesday that their financial results for the fourth quarter of the fiscal year 2016 on 16 and 22 February respectively, according to bourse filings. Ooredoo earlier posted a net profit of QAR 370 …

Event

24 January 2017 10:36 AM Ooredoo Oman appoints new CEO

Mubasher: Ooredoo said Tuesday that  its subsidiary Ooredoo Oman has appointed Ian Dench as its Chief Executive Officer. “We welcome Ian Dench to Ooredoo Oman, and are confident that he will deliver sustained success during this period of change …

Corporate Actions

15 January 2017 02:41 PM Ooredoo Oman profits fall 5.4% in Q4

Mubasher: Ooredoo Oman reported a 5.4% year-on-year rise in its profits during the fourth quarter of 2016, according to a bourse statement. Net profits reached OMR 8.7 million ($22.52 million) in Q4-16, compared to OMR 9.2 million ($23.81 million) …

Financial Results

24 November 2016 08:44 AM Ooredoo unit to pay $35.6m to GMTN holders

Doha – Mubasher: Ooredoo International Finance Limited, a wholly owned subsidiary of Ooredoo, will make interest payments to its Global Medium Term Note (GMTN) holders on mid-December, according to a filing to Qatar Stock Exchange (QSE). Ooredoo’s …

Event

17 November 2016 10:56 AM Omani telecom sector’s profits up 3.54% in Q3

By: Islam Fadl Mubasher: The financial statements of the two telecom companies listed on Muscat Securities Market (MSM) reported a growth of 3.54% during the third quarter of 2016 as compared to the same period a year ago. Earnings of both Omantel …

Financial Results

19 October 2016 08:17 AM Ooredoo Oman CEO steps down

Mubasher: Oman Qatari Telecommunications (Ooredoo Oman) said Wednesday that its board of directors accepted the resignation of its CEO, Greg Young. Young submitted his resignation on Tuesday, according to a bourse filing. The company’s board has …

Management Decisions

16 October 2016 07:34 AM Ooredoo Oman sees 24.5% profit increase in Q3

Mubasher: Oman Qatari Telecommunications (Ooredoo Oman) reported a 24.5% increase in its profits for the third quarter of the fiscal year 2016, according to a bourse filing on Sunday. The company earned OMR 12.7 million ($32.7 million) in Q3-16, …

Financial Results

14 July 2016 02:26 PM Ooredoo Oman posts 7% profit rise in Q2-16

Oman Qatari Telecommunications (Ooredoo Oman) recorded a profit increase of 7% in Q2-16 to OMR 12.3 million ($31.84 million) compared to the same period last year, , according to the company’s statement. The company’s financial results indicated a …

Financial Results

14 April 2016 10:42 AM Ooredoo Oman’s Q1 profits up 18%

Mubasher: Oman Qatari Telecommunications (Ooredoo Oman) posted on Thursday a rise of 17.8% year-on-year in its net profit for the first quarter of fiscal 2016. Net profit reached OMR 12.6 million ($32.85 million) in Q1-16, compared to OMR 10.7 …

Financial Results

3 March 2016 08:27 AM Ooredoo Oman to consider dividends late March

Oman Qatari Telecommunications (Ooredoo Oman) will hold an ordinary general meeting on 29 March to discuss a board proposal of dividends for the fiscal year 2015, according to a statement. Ooredoo Oman’s board has recommended a payment of 40% cash …

Event

17 February 2016 00:53 PM Ooredoo Oman proposes 63% cash dividends for FY15

Mubasher: Omani Qatari Telecommunications Company (Ooredoo Oman) announced on Wednesday that its board of directors recommended cash dividends at 62.5% of the net profit of 2015, equivalent to 40 baisas per share. The board also approved the 2015 …

Event

27 January 2016 02:24 PM NBK Capital recommends ‘Buy’ on Ooredoo Oman

Mubasher: NBK Capital, the investment arm of National Bank of Kuwait (NBK) recommended on Wednesday “Buy” on Omani Qatari Telecommunications Company (Ooredoo Oman), setting the fair value at OMR 0.830, 33.87% higher than the stock price during the …

Stock Evaluations

27 January 2016 01:56 PM Ooredoo Oman achieves $107.68m profits in FY15

Omani Qatari Telecommunications Company (Ooredoo) said that the unaudited financial statements showed 9.8% increase in profits during the fiscal year 2015 as compared to 2014, according to a bourse filing. Ooredoo Oman reported OMR 41.6 million …

Financial Results

14 January 2016 00:44 PM Ooredoo inks $177m financing deals

Oman Qatari Telecommunications (Ooredoo) has signed three new financing agreements with local and international banks for $177 million (OMR 68 million), the company said in a bourse filing. Ooredoo noted that the new deals are for investing in the …

Companies Investments

14 January 2016 11:39 AM Ooredoo Signs New Financing Agreement of USD 177 Million (OMR 68Million)

Muscat, Oman   Ooredoo has signed 3 new financing agreements with local and international banks worth USD 177 million (OMR 68 million). The new funding will be used for general corporate purposes and will underpin continued investment in the …

4 January 2016 09:01 AM OIFC to buy debt due to Ooredoo for OMR 400,000

Mubasher: Oman Investment and Finance Company (OIFC) signed an OMR 400,000 agreement on Sunday to buy due debts owed to Ooredoo. OIFC, listed in Muscat’s bourse, expected reasonable profit from the debt collection. Ooredoo clients pay the …

Companies Investments

1 November 2015 06:47 AM Ooredoo announces Details of 9 months 2015 Performance

Muscat, Oman, 1st November 2015: Omani Qatari Telecommunications Company SAOG “Ooredoo” announces the details of 9M 2015 performances in comparison with 2014 in terms of: - Average Revenue per User ARPU - Total number of customers - Revenue …

29 October 2015 08:56 AM Ooredoo Oman profits grow to OMR 32.3m in 9M

Mubasher: Omani Qatari Telecommunications Company (Ooredoo) achieved a 9.5% profit rise to OMR 32.3 million ($83.61 million) in the first nine months of 2015, compared to OMR 29.5 million ($76.36 million) in the same period of 2014, according to a …

Financial Results

4 August 2015 11:11 AM Ooredoo Acquires LTE (4G) 800/2600 MHz spectrum

Muscat, Oman                                                             Ooredoo has acquired additional LTE (4G) spectrum, at a cost of OMR 9.6 million, which will significantly boost their 4G network capabilities. The 800/2600 spectrum …