Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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Ooredoo Group's financial results for the first 9 months of 2023 are out and they’re robust!Take a look at the highlights:✔Revenue: 2% growth to QAR 17.2 billion✔EBITDA: 4% increase to QAR 7.4 billion, with a 1% increase in EBITDA margin✔Normalized Net Profit: Increased to QAR 2.5 billion, a 19% boost✔CAPEX: QAR 1.6 billion, maintaining capex intensity✔Strong Normalised Free Cash Flow: 8% growth to QAR 5.7 billion✔Customer Base: 156.1 million, up 1% (including IOH) Ooredoo Palestine saw a YoY increase in revenue when measured in local currency terms, reaching QAR 305 million despite a challenging and volatile political and economic environment. EBITDA increased by 5% and customer base by 3% YoY to reach 1.4 million, thanks to an upgraded customer experience and an enhanced product offering. Ooredoo Algerie recorded a 2% growth in its customer base to reach 13.2 million. This growth was primarily driven by the ongoing network densification to improve customer satisfaction in coverage and experience. Revenues increased 9% to QAR 1,806 million. EBITDA increased 17% to QAR 732 million. Ooredoo Algeria strengthened its network capacity and maintained high positions in Data Network Performance benchmarks by deploying new 4G sites, ensuring a reliable customer network experience. Ooredoo Tunisie grew its customer base by 1% to 7.3 million. Revenues stood at QAR 1,096 million. EBITDA stood at QAR 417 million. The company remains proactive in optimising cost structures and implementing initiatives to enhance operational efficiency. PT. Indosat Tbk grew its customer base by 1% to 99.4 million. In local currency, the operation delivered a solid performance, recording a substantial 9% growth YoY in Revenue. EBITDA also increased by 24% YoY. Ooredoo Maldives grew its customer base by 4%, reaching almost 400k. Revenue increased 8% to QAR 364 million with growth across all business segments. Healthy EBITDA growth of 10% to QAR 201 million on higher gross profit and effective cost control measures. Ooredoo Maldives recently celebrated its 18th anniversary and inaugurated a state-of-the-art headquarters. They integrated the eFaas National Digital Identity platform for streamlined customer verification and introduced m-Faisaa as a payment option in collaboration with Landhoo Council. Ooredoo Myanmar recorded an 11% YoY increase in customer base, reaching 8.4 million. On a local currency basis, revenue grew 3%. EBITDA remained flat. The company empowered young women with digital and leadership skills through its ongoing programmes.Our ongoing achievements mirror our firm commitment to excellence and our promise to provide value to both our shareholders and customers. Thank you to everyone at Ooredoo for contributing to our success. Read more here: http://ore.do/quarterthree#Ooredoo #UpgradeYourWorld #Growth #Strategy #WeAreOoredoo
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Islam Hamoudi
CEO
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Excellent achievement, congratulations
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Amir Ghaly
Business Builder | Advisor | Business Development MEA | Fintech | Telcos | GTM | Consultancy | Partners Management | Payments | Strategy | Speaker (18K+Connections,45 Countries Coverage)
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congratulations Ahmed for the solid figures and great team achievements
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Lalbahadur Rajput
ELECTRICIAN.ENGIE
11mo
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Congratulations sir 👏
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Ayman Irziqat, MBA, PhD Candidate
Associate Sr. Manager, Corporate Sales at Ooredoo Palestine
11mo
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Congratulations
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Shadi Qawasmi
Chief Commercial Officer at Ooredoo Palestine
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Congratulations 👏
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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And we’re off! Our three-week Ooredoo management team roadshow kicked off with a memorable visit to our Tunisian and Algerian colleagues.Our operations in Tunisia have experienced a significant turnaround over the past year with strong financial results and growth on the back of enhanced customer experience, with positive CSAT/NPS. We were also honoured to meet with Prime Minister Kamal El Medouri and Sofiane Al-Hamisi, Minister of Communication Technologies to discuss Ooredoo’s continued investment.In Algeria, we celebrated Ooredoo’s 20th anniversary, marking a year of strong financial performance and recognition as the 'operating company with the most growth'. We also met with Mr. Karim Bibi Triki, Minister of Post and Telecommunications, and Mr. Laaziz Faid, Minister of Finance, to discuss progress in telecommunications, infrastructure development, and opportunities for enhanced cooperation and investment in Algeria.Thank you, Mansoor Al-Khater, Roni Tohme and the great Ooredoo Tunisie and Ooredoo Algeria teams for your warmth and hospitality!
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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In a landmark deal, Ooredoo Group secured QAR 2 billion to support our data centre expansion, cementing our market leadership position and spearheading the region’s accelerated digital transformation.The 10-year hybrid facility, comprising commercial and Islamic tranches, is the largest transaction ever achieved in Qatar’s tech sector.It’s a pivotal moment for us.With the trust of Qatar’s leading banks QNB Group, DOHA BANK and Masraf Al Rayan, we are making a concrete investment in the region’s digital future and writing the next chapter in digital transformation. Read the full story here: https://lnkd.in/dreeSBHa#WeAreOoredoo #UpgradeYourWorld
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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It was great to be part of "Banking AI Day", a pioneering forum launched by Indosat Ooredoo Hutchison to drive innovation and reimagine the future of banking in Indonesia.I witnessed first-hand the exciting developments in empowering Indonesia’s banking and financial sector through the transformative potential of sovereign AI.This initiative brought together leaders from government, industry, and regulatory bodies to explore how we can leverage AI to drive operational efficiency, enhance data security, and ultimately upgrade customer experience.Congratulations to Vikram Sinha and the entire PT. Indosat Tbk team on a successfulevent!#WeAreOoredoo #UpgradeYourWorld
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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Celebrating a moment of pride with our champion Mutaz Barshim , recognizing his historical achievements and extraordinary journey. It’s an honor to stand beside such a remarkable individual who has brought glory and inspiration to Qatar. Here's to continued success and many more milestones ahead 🇶🇦👐🏻نحتفل بلحظة فخر مع بطلنا معتز برشم ، معترفين بإنجازاته التاريخية ومسيرته الاستثنائية. إنه لشرف كبير أن نقف بجانب هذا الشخص الرائع الذي جلب المجد والإلهام لقطر. نتمنى له المزيد من النجاح والمزيد من الإنجازات في المستقبل 🇶🇦👐🏻
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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Ooredoo Group’s H1 financial results speak to the strength of our ongoing transformation story.Some of our regional highlights include:·Ooredoo Algeria double-digit growth maintenance in revenue and EBITDA,·Ooredoo Tunisia’s increase in revenue by 3% year-on-year to QAR 731 million,·Ooredoo Maldives’s increase in revenue by 8% to QAR 259 million, and·IOH, an equity-accounted JV, announced its H1 2024 financial results on 30 July 2024 achieving solid YoY growth across all key metrics.We are evolving towards becoming the leading digital infrastructure player in the region and will remain focused on creating value and seeking out opportunities to maximise our growth potential. Thank you to the entire Ooredoo Team who are making this possible!You can view the detailed results here: http://ore.do/h1-24#WeAreOoredoo #UpgradeYourWorld
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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It’s a whole new world with #spatial computing – a game-changing technology merging the digital and physical worlds - the kind of #innovation I’ve been looking forward to since the launch of #5G!When you put on your headset (Apple Vision Pro, Microsoft HoloLens, and Meta Quest Pro are leading the way), it creates accurate #3D models of your environment and lets you interact with virtual objects using hand and eye movements. Imagine placing #virtual furniture in your living room to see how it fits before buying it!This tech can have many use cases like logistics, supply chain optimisation, location-based marketing, smart buildings, and AR in manufacturing.We're just scratching the surface of its potential, and I'm excited to see how it will bridge the gap between the virtual and real worlds!#UpgradeYourWorld#innovation
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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Happy Independence Day, Algeria!At Ooredoo, we are proud to be part of this vibrant country known for its rich cultural heritage and history. As one of our fastest growing markets, we’re proud to play a role in its progress and development.To our amazing Algerian colleagues, your dedication and hard work are driving our shared vision forward towards a brighter, more connected future for all Algerians. Thank you for always bringing your best!To our customers, partners and friends, my best wishes for a day of celebration.#WeAreOoredoo #UpgradeYourWorld
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Ahmad Al-Neama
Group Regional CEO at Ooredoo Group
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Indosat Ooredoo Hutchison’s transformative journey has been remarkable, landing it on the first-ever Fortune Southeast Asia 500 list!Indosat ranked as the 20th largest Indonesian company and hit number 106 on the Southeast Asia list, with a revenue of $3.36 billion.Congratulations to Vikram Sinha and the entire PT. Indosat Tbk team! You are making significant strides in achieving your strategy to become an AI Native Techco. Onwards and upwards!
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