The General Assembly of National Mobile Telecommunications Company (Ooredoo Kuwait) has approved a cash dividend of 90 fils per share (90% of nominal share value) for fiscal year 2024. Shareholders of record as of April 16, 2024 will be eligible for the payout.

Key Financial Highlights:

• Customer Growth: 5% increase to 2.6 million subscribers

• Revenue Growth: 9% annual increase to KWD 711 million (~USD 2.3 billion)

• Shareholder Participation: 93.1% attendance at the AGM

Leadership Statements:

Sheikh Nasser bin Hamad Al-Thani, Ooredoo Group Chairman:
"Our strong operational performance across Kuwait, Tunisia, Algeria, and the Maldives reflects sustained investments in digital infrastructure and customer-centric technologies."

Abdulaziz Al-Babtain, Ooredoo Kuwait CEO:
"These results demonstrate our commitment to technological innovation amid intensifying market competition, requiring continued investment in next-generation networks."