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.
Zain KSA, the leading digital services provider in Saudi Arabia, has unveiled a full suite of digital services and solutions at the global tech event, LEAP 2024.
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.
Salam, recognized as the fastest-growing and most innovative telecommunications brand in Saudi Arabia, celebrated by announcing its strategic involvement in LEAP 2024. Positioned as a key sponsor, Salam will showcase its leadership in driving digital transformation within the Kingdom at stand No. H1.K80 in the main hall of the Riyadh Exhibition and Convention Center.
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).
Salam, acclaimed as the fastest growing and most innovative Saudi telecommunications brand, is proud to announce its strategic sponsorship of LEAP 2024. This landmark event, taking place at the Riyadh Exhibition and Convention Center from March 4-7, 2024, and known as the ‘Digital Davos,’ represents the zenith of global tech gatherings.
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.
e& has made a commitment to the International Telecommunication Union’s (ITU) Partner2Connect Digital Coalition. In an announcement at the Mobile World Congress (MWC) Barcelona 2024, e& pledged to invest USD 6 billion between 2024-2026 in technological advancement, infrastructure development, and innovative digital solutions to extend meaningful connectivity to everyone. This investment is set to provide accessible and affordable network connectivity and digital services across its 16 operating countries in Africa, Asia, and the Middle East.
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).
In the heart of the Kingdom of Saudi Arabia, stc is embarking on a transformative journey, propelled by a vision to revolutionize telecommunications. With a bold commitment to advancing 5G technology, stc is redefining connectivity and digital experiences for its customers, aligning closely with the nation's ambitious Vision 2030 digital transformation strategy.
