At the Office of the Governor of South Batinah, His Excellency Eng. Masoud bin Saeed Al Hashemi, Governor of South Batinah, and Eng. Bassam Yousef Al Ibrahim, CEO of Ooredoo Oman, signed an agreement outlining the completion of telecommunications services and the strengthening of interconnection lines and internet services.
Omantel Group has demonstrated significant financial growth in 2023, with revenues surging by 9.7% compared to the previous year. Impressively, the Group's net profit saw a notable increase of 13.1% during the same period.
du, commercially rebranded from Emirates Integrated Telecommunications Company (EITC), has received licenses from the Central Bank of the UAE to offer new digital financial services that align with the evolving needs and preferences of customers in the digital era.
Salam, the fastest-growing and most innovative Saudi telecommunications brand, amplified its impact by signing 31 agreements at the LEAP 2024 event, demonstrating its unwavering commitment to forging an innovative and inclusive future for KSA.
Omantel, the leading provider of integrated telecommunication and ICT services in Oman, and CC Energy Development (CCED), a prominent oil and gas operator in Oman have entered into a multi-year contract to collaborate on a comprehensive Enterprise Resource Planning (ERP) project, which aims to transform the operational landscape of Oman's energy industry.
Ooredoo Oman recently announced the appointment of new C-level executives to key positions within the organization. The telco named its new Chief Commercial Officer (CCO) and new Chief People Officer (CPO).
Zain Saudi Arabia and Nokia have agreed to jointly develop 5G infrastructure based on Cloud RAN technology to leverage the potential of future technologies and contribute to the development of innovative services that enhance the user experience.
Zain Group has announced the appointment of Kuwaiti national, Nawaf Hisham Al-Gharabally, to the position of CEO of Zain Kuwait, effective immediately. With an impressive 25-year track record of success within Zain and the telecom industry across the Middle East and Africa, Al-Gharabally held roles as Zain Group and Zain Kuwait Chief Technology Officer prior to his latest appointment.
Vodafone Oman has celebrated its second year of operations in the Sultanate with remarkable achievements, securing nearly 10% of the market share.
Zain Group announced its consolidated financial results for the full-year 2023, recording a consolidated revenue of KD 1.9 billion (USD 6.2 billion), a YoY increase of 10%. Consolidated EBITDA for the period increased by 5% YoY, reaching KD 705 million (USD 2.3 billion), reflecting an EBITDA margin of 37%. Consolidated net income reached KD 215 million (USD 701 million), up 10% YoY, reflecting earnings per share of 50 fils (USD 0.16).
