WATANIYA PALESTINE MOBILE TELECOMMUNICATIONS(OOREDOO) disclose a material events(Financial Statement).
Disclosure Class Financial Statement Discloure Text Wataniya Palestine Mobile telecommunications Company announces the issuance of the final decision relating to the financial settlement between the Palestinian Government and Ooredoo Palestine. Total settlement package of USD 120 million as follows: • USD 79 million in cash to be paid to the government, with the majority to be settled within one week from the date of the settlement. • Allocation of the remaining amount to support and rebuild the telecommunications infrastructure in the West Bank and the Gaza Strip. This decision aims to address the financial impacts arising from the delay in frequency allocation, in a manner that safeguards the rights of the state and enhances investment sustainability.
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