Zain Saudi Arabia reported record revenue of SAR10.4 billion for FY 2024, reflecting a 5% growth. The company achieved a 354% increase in normalized net profit and a 12% growth in EBITDA. The Board recommended a 5% dividend, driven by strong demand for 5G and digital services.
Zain Bahrain reported a 6.8% increase in revenue for FY2024, reaching BD77.24 million. The company’s total profit grew by 2%, and it recommended a 9 fils per share dividend. Key achievements included its collaboration with BNET and maintaining a Bahrainization rate of 93.33%.
Dialog Axiata reported strong growth in FY 2024, with core revenue rising 10% YTD to Rs151.3 billion and EBITDA increasing by 8%. The company posted a net profit of Rs12.4 billion despite a 38% YTD drop, mainly due to prior forex gains. Investments in broadband and infrastructure reached Rs30.3 billion.
Robi Axiata posted a record profit of Tk 7.03 billion in 2024, driven by operational efficiency and strategic investments, despite challenges such as internet blackouts and rising SIM taxes. Revenue growth was minimal, but the company declared a 15% cash dividend, marking its highest payout since 2020.
Maroc Telecom reported a slight profit decline to $616 million, despite a 1.2% increase in revenue to 36.7 billion dirhams. The growth was driven by its African subsidiaries and investment in broadband. The company plans to continue digital transformation, focusing on AI integration and expanding its international footprint.
Alpha Data, a UAE tech company, has announced its IPO offering 400 million shares at Dh0.03 each, set to list on ADX in March. With a 5% retail investor allocation, the IPO is expected to raise Dh130 million in dividends. Alpha Data has a strong track record in enterprise systems integration.
e& reported a Dh5.5 billion revenue increase, reaching Dh59.2 billion for 2024, driven by strong growth in its telecom and digital sectors. The company also posted a 4.3% profit rise to Dh10.7 billion and confirmed an 825 million euro acquisition of a Serbian broadband and cable TV provider.
Telecom Egypt will release its audited financial results for 2024 on February 27, 2025, before trading begins. The report, prepared in line with Egyptian Accounting Standards, will provide insights into the company’s performance, reinforcing its role as a leading player in Egypt’s telecom sector and its strategic investments in Vodafone Egypt.
Nepal Telecom (NTC) reported a 33% decline in profit for Q2 FY 2081/82, with revenue dropping by 1.4%. Customer service revenue fell slightly, while financial revenue saw a significant decrease. The government plans to increase NTC’s public share to 25%, aiming to strengthen its financial position.
PTCL Group achieved 17% revenue growth in 2024, driven by strong performance in broadband, mobile data, and business solutions. Key highlights include Ufone’s 25% revenue growth, Flash Fiber’s market leadership, and PTCL’s innovative services. The company also focused on social impact through initiatives like ‘Dil Se’ and women’s empowerment programs.
