Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Meeza reported a 10.1 percent increase in net profit for 2025, reaching QAR 66.514 million, with earnings per share rising to QAR 0.10. The company’s board has proposed a cash dividend of QAR 55.2 million, equivalent to QAR 0.085 per share, pending shareholder approval.
Fawry’s 2025 performance underscores a successful pivot from a simple payment aggregator to a comprehensive digital bank. By integrating AI into operations and launching low-cost merchant tools like Soft POS, the company has solidified its infrastructure for sustainable, high-margin growth in Egypt’s evolving cashless economy.
Mobily’s strong 2025 results, including revenue growth of 7.9% and higher margins, prompted United Securities to assign a buy rating and raise its price target to 72 riyals, citing sustainable growth driven by infrastructure investment and wholesale expansion.
Morocco Telecom plans to launch a new share buyback programme worth up to 255 million dirhams, covering 1.5 million shares over 18 months. The initiative aims to enhance liquidity and stabilise trading without altering capital structure, pending shareholder approval at the March 26 AGM.
Vodafone Qatar’s shareholders approved a 12% cash dividend after the company posted a 16.8% rise in net profit to QR 702 million in 2025. Revenue increased 8.1% to QR 3.4 billion, and all AGM resolutions, including auditor appointment and board approvals, were passed unanimously.
Skynopy and Safran Space have received funding to integrate Kenya Space Agency’s Earth observation antenna into Skynopy’s global ground station network. SkyConnect Kenya optimizes satellite communication, strengthens local space capabilities, and demonstrates a replicable public–private partnership model for underutilized infrastructure.
Axiata will not issue 2026 earnings guidance due to asset consolidation and restructuring. The Malaysian telecom company is monetising key assets, exiting select markets, and preparing a portfolio split between telecom and technology segments by 2027. Investor entry into fintech arm Boost Holdings has also been delayed to Q2 2026.
Telecom Egypt’s 2025 consolidated profits soared 123% YoY to EGP 22.554 billion, with EPS rising to EGP 11.93. Revenue growth and operational efficiency drove gains in both consolidated and standalone results, highlighting robust performance across the telecom group.
Beyon reported $189.1 million net profit for 2025, slightly down due to new taxes and acquisition costs, while revenues rose 8% driven by telecom and digital growth. Q4 profit jumped 17%. The company maintained strong margins, solid assets, and proposed dividends, advancing AI and regional brand unification.
Saudi Arabia’s telecom sector generated $28.9 billion in revenue in 2025, up 3.8 percent year-on-year. While profits declined due to high comparison effects and rising costs, demand for data, 5G, cloud, and fintech services continues to support long-term growth and digital transformation under Vision 2030.