Ooredoo Group announced revenue of QAR 30bln for FY 2021

Ooredoo Group announced revenue of QAR 30bln for FY 2021

Doha, Qatar: Ooredoo Q.P.S.C. (“Ooredoo”) - Ticker: ORDS today announced its financial results for the year ended 31 December 2021.

Financial Highlights:

Operational highlights:

Commenting on the results, HE Sheikh Faisal Bin Thani Al Thani, Chairman of Ooredoo, said:

“Ooredoo Group ended 2021 demonstrating further resilience, as we reported solid results for the end of the year, driven by the ongoing implementation of our digital transformation and cost optimisation programmes in our core markets. Revenues increased to QAR 30 billion, and our EBITDA margin improved to 44%, up from 42% for FY 2020. We are proud to report an improvement in our free cash flow by 30%.

During 2021, we maintained our position as a digital enabler through rolling out innovative products to our customers and providing reliable connectivity across all the markets in which we operate, which subsequently resulted in increased customer confidence in our business.

We are excited about our new partnership in Indonesia, where Indosat Ooredoo Hutchison will become a stronger No.2 player, a compelling value creation in a new world-class digital telecoms and internet company for Indonesia.

Finally, I am pleased to announce that the Board will recommend the distribution of a cash dividend of QAR 0.30 per share at the annual general