Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
Technology news and insights in the Middle East, South Asia, and Africa
Technology News and insights in the Middle East, South Asia, and Africa
STC Bank, the digital banking arm of Saudi Telecom, has received an $800 million capital infusion to expand its services. The funds will enable the bank to offer a wider range of financial products, supporting its strategy to diversify and contribute to Saudi Arabia’s Vision 2030 by modernizing its financial sector.
Vodafone Qatar reported strong financial results for Q1 2025, with total revenue increasing by 6.1% to QR 855 million and net profit rising by 8.1% to QR 162 million. The company saw growth across core business segments and achieved a return on equity (ROE) of 12.7%, reflecting continued growth.
Telecom Egypt has announced a dividend distribution of EGP 1.5 per share, with the record date set for April 17, 2025, and payment on April 23, 2025. This marks the company’s 23rd coupon and highlights its ongoing commitment to providing value to shareholders.
Vodafone Qatar’s net profits for Q1 2025 increased by 8.1%, reaching QR 162.3 million compared to QR 150.1 million in Q1 2024. Earnings per share also rose to QR 0.038, up from QR 0.036 during the same period last year, as reflected in the company’s financial statements.
PTCL reported impressive financial results for Q1 2025, with a 22% revenue growth, reaching Rs 61.8 billion. Flash Fiber, Ufone 4G, and U Microfinance Bank all showed strong performance, while PTCL continued its digital transformation with innovations like WhatsApp-based bill payments and a focus on social impact initiatives.
Zain has approved a 35 fils cash dividend for 2024, amounting to KD151.4 million ($492 million), reflecting a 73% payout ratio. The company also extended its minimum 35 fils dividend policy through 2028. Zain’s 2024 results showed a 3% YoY revenue increase and a 15-year high in growth.
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.