Ooredoo Kuwait’s revenue grew 48% to KD 114.1 million in H1 2019: Al-Thani
Subscribers reach 2.5 million, an increase of 6%
KUWAIT: Ooredoo Kuwait made distinguished and tangible achievements that contributed significantly to strengthening the company’s pioneering standard, and increased revenues by 48 percent during the first half of the current year. The subscribers of Ooredoo Kuwait rose to 2.5 million, an increase of 6 percent. Revenues of the first half of the year totaled KD 114.1 million.
These financial results come at a time the company is witnessing notable and continued growth at all levels, as the company continued to maintain its market share and status in the Kuwait market. It also succeeded in boosting its clients’ confidence, be it at the individual level or companies’ sector. It also was keen to maintaining the strength of its relations with its partners in Kuwait and abroad, in order to present the best and more innovations in the communications and information technology sector, which is the most dynamic and competitive sector in the region and the world.
Young Leadership
Ooredoo Kuwait’s executive management, for the past five years until today, was able to achieve continued development and steady progress with the youthful leadership of Chief Executive Officer Sheikh Mohammad bin Abdullah Al-Thani, who since taking over in June 2014, was able along with his team of heads of sectors and employees’ efforts to make a long stride in the company’s notable advancement, and maintain its development and pioneering status in the market.
Power and Growth
About the financial performance of Kuwait in the first half of this year, Sheikh Mohammad bin Abdullah Al-Thani said the strength of financial and operational performance for the first half of this year is only a continuation of the strength of our financial performance in 2018, which is a confirmation of the success of the strategy that was adopted to develop the company.
Sheikh Mohammad said: “Good financial results are the result of our continued and renewed focus on improving cost-efficiency as part of our broader strategy as a domain for digital transformation, as the application of IFRS 16 standard, which is a new accounting standard in supporting income increase before calculating profits, taxes, etc, which had a positive effect on our operations.
“Achievements the company made during the first half of this year reflect the steady steps and long-term strategic planning, which proved that we at Ooredoo went beyond the boundaries of communications, as our profits and expansion of our client network is the best proof of the success of the vision and strategy that was adopted by the company since the start of the year, and will continue until the hoped for results until yearend.
“We, with all what we are doing, draw our inspiration from our vision that aims at enriching the digital experience of our clients with all what requires. We are following up the most modern trends in the mobile communications sector and adapt our services to meet the constantly changing needs of our clients.
“The company is committed to leading the march of development and innovation and strengthening its status in Kuwait through continuing our efforts that are related to building the digital transformation system that relies on providing innovative and developed services and products to serve clients - both individuals and companies - in addition to expanding the portfolio of our services and developing our network, especially after the successful launch of the 5G network this year.”
Continued Achievements
Following are Ooredoo Kuwait’s achievements and most notable successes that were the main reason in progressing with steady steps since the start of the current year until now: The company began the year by announcing it received global approval of payment cards standards ISO 27001:2013 - PCI - DSS 3.2.1, to be the first company that received this accreditation in Kuwait. This is considered the most important certificate and most modern at the level of banking standards presented by the credit cards union, and is concerned with the security and secrecy of client data.
Fifth Generation
That was followed by the company’s celebration along with its clients of the first 5G call that took place at the start of this year between Ooredoo Kuwait and Ooredoo Qatar, at a time when the company was preparing for the commercial launch of the network in July. It puts forward and is still presenting products and 5G services to its customers.
Ana
As a culmination of its distinguished efforts in the march of digital transformation in the communications sector, Ooredoo Kuwait launched the first bundle of its kind in Kuwait - Ana - which was officially announced by CEO Sheikh Mohammad bin Abdullah Al-Thani during the Mobile International Conference in Barcelona in February. Through this bundle, the client can design his subscription according to what is suitable for him, from selecting the number to the monthly bundle, Internet capacity and others through the use of the company app.
Digital Services
The company’s MyOoredoo application is still the most used by clients, and considered the best among 10 free applications in Kuwait, with more than 1.5 million downloads so far. It provides clients with easy subscription to company services and monthly bills. Clients can get the membership of the largest rewards program in Kuwait - Nojoom - which more than half a million subscribers have joined. Ooredoo was proud to announce a partnership with Kuwait Airways last month, as members of the Nojoom program can exchange their points with free miles from KAC’s AlWaha Club.
The company’s eShop continues to provide and present exclusive promotions and bundles to customers. The company also offers the shopping feature through its Facebook account, as customers can shop through the company’s Ooredoo Kuwait account and get the most recent products and services. The company continues to present distinguished bundles including Shamel and Shamel Home as well as the roaming Ooredoo Passport and My Country, along with others. Since the start of the year till now, the Ooredoo Business sector is witnessing steady growth and pioneering in providing the best digital solutions and exclusive bundles for companies, B2B and small and medium businesses.
Partnership
Ooredoo’s partnership continues with the major makers of smart systems in the world, including Samsung and Huawei, as it celebrated with both the launch of the most modern smartphones for its customers with competitive and distinguished bundles. It launched in March the most modern Samsung 810 phones, and in July the first Huawei phone in Kuwait that works with the 5G network.
The closest to its customers
Through its branch network in Kuwait and approved distributors, the company continues to present the best and reaches all customers, no matter where they are. In continuation of its partnership with Gait Apple Premium Reseller at The Avenues, the company presented exclusive promotions to its customers, and will continue presenting the best and expand its branch network in Kuwait’s new areas. It continues to present products and exclusive services designed for “elite” customers, who are given special attention.
Ever since the takeover of the pioneering network provider in Kuwait FastTelco, it seeks to present the best fiber services in Kuwait. The company, in cooperation with Blink, organized the largest contest for electronic gamers at its headquarters, which was attended by thousands of participants over two days.
CEO Sheikh Mohammad bin Abdullah Al-Thani and a number of company leaders visited HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah this year, and the new Kuwait 2035 vision was the core of talks. It was confirmed that Ooredoo will continue participating in development and the march of digital transformation in the country.
The company’s efforts continued this year in the field of participation and sponsoring several activities that reflect the company’s strategy related to supporting small business, youth, sports and entertainment and others, and the most notable of them were: Morooj market for small businesses, Gulf West marathon and participating in Jaber Cultural Center activities, particularly the Thriller show for three days, with unprecedented attendance.
And out of our pioneering role in voluntary activities, and as part of our annual Ramadan tradition, we launched a full program of humanitarian activities throughout the month of Ramadan titled “Ramadan brings us closer and God will gather us” to coincide with the launch of the fifth edition of the company’s voluntary program “We help and assist”, which succeeded in attracting hundreds of youth during the past years.
As per custom every year, the company began the holy month by presenting iftar meals daily in a tent across the company’s main headquarters. Ooredoo Kuwait continues the march of success and provides the best for its customers and enriches their digital life - always.