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- Commercial Bank, Microsoft co-host first DHL4SMEs workshop
- Dukhan Bank announces April winners in Thara'a savings account prize draw
- Qatar advances sustainable desalination with innovative technologies
- E-payments account for 79% of Saudi retail transactions in 2024: SAMA
- Fitch sees resilient credit metrics for Omani banks in 2025
- Bank Muscat's Q1 profit rises 8% to RO58.5mn
- Dubai gold price hits another record after near Dh7 a gram rise
- Europe enjoying some 'exorbitant privilege' as funds head home
- Dubai listed companies buck wider declining GCC trend
- E& shareholders approve 83 fils dividend per share for FY 2024
21/07/2015 19:42 AST
Ooredoo Oman, the sultanate's No.2 telecom operator, reported a 16.2 per cent rise in second-quarter net profit on Tuesday.
The firm, majority-owned by Qatar's Ooredoo, made a net profit of RO11.5 million ($29.9 million) in the three months to June 30, up from RO9.9 million in the year-earlier period.
Gulf Baader Capital had forecast Ooredoo Oman to make a net profit of RO11 million in the quarter.
It has reported rising profits in five of the preceding seven quarters, but before that profits fell for seven straight quarters.
Second-quarter revenue was RO62.6 million, the company said in a bourse statement. This compares with RO55.5 million a year ago.
The company had 2.75 million mobile and fixed line subscribers as of June 30, up 11.4 per cent from a year earlier.
Ooredoo Oman ended Oman Telecommunication Co's (Omantel) monopoly in 2005.
Trade Arabia
26/10/2017
Ooredoo Oman reported a net profit of RO23.1mn for the nine months period ended September 30, 2017. This was 38.6 per cent lower compared with a net profit of RO37.6mn reported for the same period of
Muscat Daily
15/01/2016
Omani Qatari Telecommunications Company 'Ooredoo' has signed three new financing agreements with local and international banks worth $177 million (RO68 million).
The new funding will be
Trade Arabia
15/01/2016
Ooredoo has signed a deal with Oman Munitions Production Company (OMPC) to provide the high-profile government-owned company with a full suite of advanced business telecommunication solutions.
Trade Arabia
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16/04/2025
Commercial Bank, a leader in innovative digital banking solutions in Qatar, in collaboration with Microsoft, hosted the first DHL4SMEs workshop on digital and financial strategies for SMEs at Commerc
The Peninsula
16/04/2025
Dukhan Bank announced the names of the most recent round of draw winners for Thara'a, its Shariah compliant savings account, at the Bank's headquarters.
The draw was conducted under the supe
The Peninsula
16/04/2025
Bank Muscat, the largest financial institution in Oman, reported a net profit of RO58.56mn for the first quarter of 2025, compared to RO54.24mn reported during the same period in 2024, reflecting a y
Muscat Daily
16/04/2025
E& shareholders on Tuesday approved the Board's recommendation for FY 2024 of cash dividend of 83 fils (Dh0.83) per share for the fiscal year 2024.
Jassem Mohamed Bu Ataba Alzaabi, Chairman
Khaleej Times
15/04/2025
Dukhan Bank, Qatar's leading provider of Sharia-compliant financial solutions, has launched a new House Finance campaign offering customers exclusive benefits, including a competitive profit rate as
The Peninsula
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