Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Sudatel Telecom Group reported a decline in net profits to $18.25 million for 2024, down from $21.27 million in 2023. Operating revenues also fell to $381.68 million, and total assets decreased to $758.79 million, reflecting a slowdown in the company’s financial performance.
Zain has announced a 35 fils cash dividend for 2024, totaling KD151.4 million ($492 million), reflecting a 73% payout ratio. The dividend follows a semi-annual payout and is part of Zain’s strategy to drive business growth, despite socio-economic challenges, with a focus on digital transformation and new revenue streams.
e& announced a cash dividend of 83 fils per share for FY 2024, marking another successful year of growth. The company reported record revenues of AED 59.2 billion and net profits of AED 10.8 billion. e& plans to further its transformation and digital innovation in 38 countries.
Telecom Egypt has approved a cash dividend of EGP 1.5 per share for 2024, with ex-dividend and payment dates set for April 17th and April 24th. The company’s consolidated net profits dropped by 3.78%, totaling EGP 10.098 billion, compared to EGP 11.720 billion in 2023.
Telecom Egypt has approved a cash dividend of EGP 2.56 billion for 2024, amounting to EGP 1.50 per share. The company reported consolidated net profits of EGP 10.10 billion for 2024, with standalone net profits after tax reaching EGP 2.78 billion, reflecting strong financial performance.
Telecom Egypt has approved cash dividends of EGP 2.56 billion for 2024, distributing EGP 1.50 per share. The company reported consolidated net profits of EGP 10.10 billion, with standalone net profits of EGP 2.78 billion for the same year.
Deliveroo achieved its first annual profit, posting £2.9 million after tax for the year. Despite exiting markets like Hong Kong and Spain, the company saw a two percent increase in revenue and orders. Moving forward, Deliveroo plans to expand grocery and retail offerings, while supporting restaurant partners’ growth.
Omantel’s market share dropped by five percentage points in 2024 to 48% of Oman’s telecom market, leading to a 3% decrease in net profit, which amounted to $795 million. Competitors such as Ooredoo, Vodafone, and Awasr gained ground, impacting Omantel’s position in the country’s telecom sector.
Alpha Data’s shares rose nearly 7% on debut after raising $163 million in its IPO. With a market cap of $408 million, the company is positioned for growth in the digital infrastructure sector. It also announced a high dividend yield of 8.7% for 2025, attracting both growth and income investors.
Ooredoo shareholders approved a QR0.65 per share cash dividend after the company reported strong growth in 2024, with a 2% revenue increase and a 14% rise in net profit. Key developments include partnerships with NVIDIA, the launch of a new data center, and the acquisition of the ‘Fibre in Gulf’ subsea cable.