Company Insights Ooredoo Telecoms Ooredoo News Finance Qatar to reduce stake in UK supermarket Sainsbury’s Qatar’s sovereign wealth fund is selling part of its 15 percent stake in the British supermarket Sainsbury’s as the fund pushes ahead with expansion in the United States and Asia, particularly China and India. Qatar Investment Authority (QIA), the biggest shareholder in Sainsbury’s, is selling £306 million ($399 million) worth of shares in the retailer, […] October 11, 2024 Telecoms Ooredoo’s $500m bond oversubscribed more than 3 times Qatar telecom company Ooredoo has raised $500 million from a bond sale as part of its $5 billion global fund-raising initiative. The 10-year unsecured bonds, issued by Ooredoo International Finance Limited, a wholly owned subsidiary, are listed on the Irish Stock Exchange. Priced with an annual coupon rate of 4.625 percent, the bonds achieved a […] October 10, 2024 Tech Ooredoo secures $552m loan for data centre expansion Qatar’s telecom major Ooredoo has secured a QR2 billion ($552 million) financing deal to accelerate the development of its data centres and artificial intelligence (AI) ventures. The 10-year hybrid facility, comprising both commercial and Islamic tranches, was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan. The company claimed this is the “largest […] September 25, 2024 Finance QIA looks at investments in Australia and Asia Qatar Investment Authority (QIA) is looking at expanding into Australia, South Korea and Southeast Asia as part of its growth strategy, a senior fund official has said. The sovereign fund is starting to hire locally in Australia and South Korea, Abdulla Ali Al-Kuwari, head of Asia Pacific at QIA Advisory, told a panel at the […] September 20, 2024 Telecoms Myanmar venture proves a big loss for Qatar’s Ooredoo Qatar’s Ooredoo sold its Myanmar mobile network for even less than it originally agreed, new figures reveal, as one expert suggested its multi-billion-dollar losses may also be higher than previously estimated. The new figures in the telecom operator’s latest financial statement shed further light on a market that was once touted as the last major […] September 1, 2024 Analysis Telecoms Saudi Telecom’s share surge raises prospect of PIF stake sale Saudi Telecom Co’s surprise dividend increase announcement has propelled its stock to a 13-month high and increased the likelihood that majority shareholder the Public Investment Fund may sell some of its stake in the former telecom monopoly. On Sunday, STC said it would pay SAR0.55 ($0.15) per share each quarter for three years starting from […] August 28, 2024 Analysis Telecoms Telcos turning to tech to propel growth Fear of market irrelevance has spurred former Gulf telecom operators such as e& to bet on providing more sophisticated, tech-based services to consumers and businesses. This strategy differs from earlier efforts to create a vast geographic footprint for their operations, which, in many cases, led Gulf telcos to nurse billion-dollar losses. E&, which is listed […] August 15, 2024 Analysis Markets Saudi blue-chips help Gulf dividends dwarf global average Saudi companies form the bulk of Gulf businesses that have announced second quarter dividends, but it is the Commercial Bank of Kuwait that provided the highest dividend yield. Saudi Aramco, Bahrain’s Batelco and Dubai’s Tecom Group are other standouts by this metric. Of the listed Gulf companies with a market capitalisation of more than $1 […] August 13, 2024 Telecoms UAE’s e& revenue surges to $8bn in strong year for Gulf telcos Abu Dhabi-listed telco e& reported revenues of AED28 billion ($7.7 billion), rising 6 percent year on year, as the Gulf telecoms industry showed strong performance. Net profit grew by 17 percent to AED5.5 billion, driven by growth in local and international markets. Net earnings for the second quarter rose to AED3.2 billion, from AED2.5 […] August 2, 2024 Telecoms Ooredoo H1 profit rises on strong core market growth Ooredoo Group, the Qatari telecommunications company, said net earnings attributable to shareholders rose 4 percent year on year to QR1.9 billion ($512 million) in the first six months of 2024, driven by strong performance in its core markets. Revenue grew 3 percent annually to QR11.8 billion thanks to solid operational performances in Iraq, Algeria, Qatar, Tunisia […] August 1, 2024 Posts navigation Previous 1 2 3 … 5 Next
Finance Qatar to reduce stake in UK supermarket Sainsbury’s Qatar’s sovereign wealth fund is selling part of its 15 percent stake in the British supermarket Sainsbury’s as the fund pushes ahead with expansion in the United States and Asia, particularly China and India. Qatar Investment Authority (QIA), the biggest shareholder in Sainsbury’s, is selling £306 million ($399 million) worth of shares in the retailer, […] October 11, 2024
Telecoms Ooredoo’s $500m bond oversubscribed more than 3 times Qatar telecom company Ooredoo has raised $500 million from a bond sale as part of its $5 billion global fund-raising initiative. The 10-year unsecured bonds, issued by Ooredoo International Finance Limited, a wholly owned subsidiary, are listed on the Irish Stock Exchange. Priced with an annual coupon rate of 4.625 percent, the bonds achieved a […] October 10, 2024
Tech Ooredoo secures $552m loan for data centre expansion Qatar’s telecom major Ooredoo has secured a QR2 billion ($552 million) financing deal to accelerate the development of its data centres and artificial intelligence (AI) ventures. The 10-year hybrid facility, comprising both commercial and Islamic tranches, was provided by Qatar National Bank, Doha Bank and Masraf Al Rayan. The company claimed this is the “largest […] September 25, 2024
Finance QIA looks at investments in Australia and Asia Qatar Investment Authority (QIA) is looking at expanding into Australia, South Korea and Southeast Asia as part of its growth strategy, a senior fund official has said. The sovereign fund is starting to hire locally in Australia and South Korea, Abdulla Ali Al-Kuwari, head of Asia Pacific at QIA Advisory, told a panel at the […] September 20, 2024
Telecoms Myanmar venture proves a big loss for Qatar’s Ooredoo Qatar’s Ooredoo sold its Myanmar mobile network for even less than it originally agreed, new figures reveal, as one expert suggested its multi-billion-dollar losses may also be higher than previously estimated. The new figures in the telecom operator’s latest financial statement shed further light on a market that was once touted as the last major […] September 1, 2024
Analysis Telecoms Saudi Telecom’s share surge raises prospect of PIF stake sale Saudi Telecom Co’s surprise dividend increase announcement has propelled its stock to a 13-month high and increased the likelihood that majority shareholder the Public Investment Fund may sell some of its stake in the former telecom monopoly. On Sunday, STC said it would pay SAR0.55 ($0.15) per share each quarter for three years starting from […] August 28, 2024
Analysis Telecoms Telcos turning to tech to propel growth Fear of market irrelevance has spurred former Gulf telecom operators such as e& to bet on providing more sophisticated, tech-based services to consumers and businesses. This strategy differs from earlier efforts to create a vast geographic footprint for their operations, which, in many cases, led Gulf telcos to nurse billion-dollar losses. E&, which is listed […] August 15, 2024
Analysis Markets Saudi blue-chips help Gulf dividends dwarf global average Saudi companies form the bulk of Gulf businesses that have announced second quarter dividends, but it is the Commercial Bank of Kuwait that provided the highest dividend yield. Saudi Aramco, Bahrain’s Batelco and Dubai’s Tecom Group are other standouts by this metric. Of the listed Gulf companies with a market capitalisation of more than $1 […] August 13, 2024
Telecoms UAE’s e& revenue surges to $8bn in strong year for Gulf telcos Abu Dhabi-listed telco e& reported revenues of AED28 billion ($7.7 billion), rising 6 percent year on year, as the Gulf telecoms industry showed strong performance. Net profit grew by 17 percent to AED5.5 billion, driven by growth in local and international markets. Net earnings for the second quarter rose to AED3.2 billion, from AED2.5 […] August 2, 2024
Telecoms Ooredoo H1 profit rises on strong core market growth Ooredoo Group, the Qatari telecommunications company, said net earnings attributable to shareholders rose 4 percent year on year to QR1.9 billion ($512 million) in the first six months of 2024, driven by strong performance in its core markets. Revenue grew 3 percent annually to QR11.8 billion thanks to solid operational performances in Iraq, Algeria, Qatar, Tunisia […] August 1, 2024
