Financial Highlights

Consolidated customer base increased by 4% to reach 25.6 million at 1H 2017, compared to 24.6 million for the same period in 2016.

Revenues for 1H 2017 stood at KD 343.8 million, compared with KD 350.8 million for the same period in 2016, representing a decrease of 2%.

EBITDA increased 11% in 1H 2017 to KD 128.9 million, compared to EBITDA of KD 115.8 million for the same period in 2016.

The net profit attributable to NMTC in 1H 2017 was KD 23.3 million, representing a strong growth of 21% compared with KD 19.3 million for the same period last year. Net Profit growth was supported by good performances by Ooredoo Algeria and by Ooredoo Maldives.

The consolidated earnings per share was 46 fils compared to 38 fils per share earned for the same period last year.

Ooredoo Maldives is proceeding with the listing of its shares on the Maldives Stock Exchange as planned. A total of 14,045,260 shares will be allocated to 8,257 applicants. This is equivalent to MVR 421.4 million (KD 8.1 million) and constitutes 9.5% of the issued paid up shares of Ooredoo Maldives. Trading of the shares is expected to start during August 2017