Press releases, Reports & Disclosures for OOREDOO

The consolidated financial statements of Ooredoo Q.P.S.C for the year ending 31st December 2023 show a decrease in total assets by 6% from QR 61,839 million in 2022 to QR 58,208 million in 2023. Total liabilities also decreased by 18%, from QR 33,683 million in 2022 to QR 27,634 million in 2023. However, total shareholders' equity increased by 9% from QR 28,156 million to QR 30,574 million. The company's total revenue and net operating profit increased by 2% and 7%, respectively, while profit attributable to shareholders of the parent increased by 28%. Earnings per share also increased by 27% from 0.74 QR units to 0.94 QR units.

Ooredoo Q.P.S.C., a Qatar-based telecommunications company, has invited its shareholders to attend the Ordinary and Extraordinary General Assembly Meetings on March 6th, 2024. The meetings will be held at the Four Seasons Hotel and via Zoom. If a quorum is not reached, the meetings will be rescheduled for March 13th, 2024. The agenda for the ordinary meeting includes the approval of the Board's report, discussion of the company's future plans, and appointment of the external auditor for 2024. The extraordinary meeting will discuss the sale of a portion of the company's assets. Shareholders are advised to arrive an hour early for registration and can appoint a proxy if they cannot attend. Only shareholders registered by March 6th, 2024, are eligible to attend.

Ooredoo Q.P.S.C., a Qatar-based telecommunications company, has announced the opening of the nomination period for the Board of Directors membership. The term for the new members will be three years, starting from 2024 to 2027. The nomination period will be open from 11th February 2024 and will close on 15th February 2024. Interested individuals and companies can download the nomination forms from the Ooredoo website. Applications and requested documents must be submitted in person at Ooredoo’s headquarters in West Bay. Applications submitted after the deadline or not meeting the eligibility requirements will not be considered. Elections will take place during the General Assembly meeting of Ooredoo.

Ooredoo Q.P.S.C., a communications company operating across the Middle East, North Africa, and Southeast Asia, has announced that it will disclose its FY 2023 financial results on 12th February 2024, following a financial review meeting. There will be a conference call and presentation on 19th February 2024, details of which can be found on the company’s website. The company is based in Doha, Qatar, with a commercial registration number of 21183. It has an authorized capital of QAR 5,000,000,000 and issued & paid-up capital of QAR 3,203,200,000. As of 31 December 2022, Ooredoo generated revenues of QAR 23 billion. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.

The Extraordinary Meeting of the General Assembly of Ooredoo Q.P.S.C. was held online via Zoom on December 27, 2023. The meeting was attended by the Chairman of the Board of Directors, H.E. Sheikh Faisal Bin Thani Al Thani, Deputy Chairman Dr. Nasser Mohammed Marafih, and other board members. Representatives from the Ministry of Commerce and Industry and the Auditor (PwC) were also present. The meeting was legally quorate with the presence of shareholders owning 81.92% of the company's shares. The meeting was opened by H.E. Sheikh Faisal Bin Thani Al Thani at 4:30 pm.

Ooredoo Q.P.S.C, a Qatari-based telecommunications company, has announced that its fully-owned subsidiary, Ooredoo International Finance Limited (OIFL), will pay its Global Medium Term Note (GMTN) holders' interest payment on January 31, 2024. The payment includes $11,250,000.00 for U.S. $500,000,000 @ 4.50 per cent. Guaranteed Notes due January 31, 2043, and $9,687,500.00 for U.S. $500,000,000 @ 3.875 per cent. Guaranteed Notes due January 31, 2028.

On December 27, 2023, Ooredoo held an Extraordinary General Assembly Meeting at its main headquarters and via Zoom. The meeting saw the approval of several amendments to the company's Articles of Association. These included changing the Qatar Holding company to the Qatar Investment Authority in Articles 8, 22, 26, and 27. Article 62 was also amended, but the specifics of the changes were not detailed in the press release.