Mubasher: Ooredoo on Monday announced that its annual general meeting approved distributing 35% of the share nominal value in cash dividends, equalling QAR 3.5 per share.
The Qatar- and Abu Dhabi-listed company delivered positive results during the full-year 2017, in addition to building strong networks and an appealing range of digital products and services, according to the company’s statement to the Qatar Stock Exchange (QSE).
“The Ooredoo brand has rolled-out across all our major markets, and our message about “Enriching Digital Lives” resonates with young people from Tunis through to Jakarta, and of course with the youth of Qatar, Kuwait and Oman,” Ooredoo chairman Abdulla Bin Mohammed Al-Thani said.
Revenues rose to QAR 32.7 billion in 2017, while the company’s customer base hiked 18% to 164 million.
Ooredoo’s earnings before interest, taxes, depreciation, and amortization (EBITDA) went up 3% to QAR 13.8 billion, according to the statement.
Data revenue stood at QAR 15.3 billion last year, up 16% from QAR 13.1 billion a year earlier.
