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Our latest financial news

  • Standard & Poor’s Upgrades Ooredoo’s Outlook to Positive; Rating Affirmed at ‘A-’

    Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS - notes Standard and Poor’s affirmation of Ooredoo’s long term corporate credit ratings at ‘A-' and its change in Outlook from Stable to Positive.  Standard and Poor’s change in Outlook is based on its expectation that Ooredoo will require lower capital expenditure, resulting in higher free operating cash flow in 2017 and 2018.  …
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  • Ooredoo Announces Date to Pay Interest to Bondholders

    Ooredoo Q.S.C. announces that Ooredoo International Finance Limited (OIFL), its wholly-owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Global Medium Term Note (GMTN) holders’ interest payment on 31 Jan 2017. Below is the announcement in full: ------------------------------------------------------------------------- U.S. $500,000,000 @ 4.5  per cent. Guaranteed Notes due 31 January 2043 (ISIN…
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  • Ooredoo Group reports an increase of 4% in Net Profit for 9M 2016

    Group customer base reaches 133 million (up 16%) Doha, Qatar, Ooredoo Q.S.C. (“Ooredoo”) - Ticker: ORDS today announced results for the nine months ended 30 September 2016. Financial Highlights: Revenue stood at QAR 24 billion: In local currency terms growth in Qatar, Oman, Kuwait, Algeria, Maldives, Indonesia and Myanmar. Excluding Foreign Exchange translation impact, revenues would have increased by 2%…
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  • Ooredoo Kuwait and FASTtelco Finalize Transfer of Ownership

    Offering full scope of mobile and fixed services to cater to an increasing market demand Kuwait, Kuwait City: Ooredoo Kuwait, member of international Ooredoo Group, has finalized the purchase of 99% of Internet Service Provider FASTtelco’s shares for a total of KD 11 million. Following this transaction, Ooredoo and FASTtelco will continue to co-exist as separate legal entities in the…
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  • 133 million Customer base
  • 12 markets Geographic footprint
  • 32 billion QAR Revenue in FY 2015
  • Myanmar Latest Market
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