Doha: Ooredoo, led by its executive leadership team, presented a strategic update built around the theme “Upgrade your world – Upgrade your portfolio” at its annual Capital Markets Day, a day-long event held on Monday.
The virtual event was attended by fund managers, financial analysts, retail investors and other key stakeholders, and discussions centred around Ooredoo’s equity story based on their strategic pillars: A value focused portfolio; Strengthening the core business; Evolving the core business towards Smart Telco; Leading in Customer Experience; and People strategy.
Attendees were also briefed on strategy and heard recommendations on generating shareholder value and driving asset efficiency from the company’s executive management team.
Core growth opportunities were highlighted across Ooredoo’s markets such as data centres, towers or fintech. Key insights into the operations in Qatar, Indonesia and Iraq were presented by Sheikh Mohammed bin Abdulla Al Thani, Deputy Group CEO and CEO of Ooredoo Qatar; Vikram Sinha, President Director and CEO at Indosat Ooredoo Hutchison and Amer Al Sunna, CEO at Asiacell, respectively.
Aziz Aluthman Fakhroo, Managing Director and Group CEO at Ooredoo said: “We sincerely appreciate the keen interest from our shareholders, as we take this opportunity to share our strategic goals and obtain stakeholder feedback in our annual Capital Markets Day. We have received an overwhelmingly positive response to our increased public disclosures here today, as well as in our recent quarterly calls. We will continue to provide such necessary information to the financial community, enabling them to make the right decision to “upgrade their portfolios” with more Ooredoo shares”.
Group Chief Finance Officer at Ooredoo Abdulla Al Zaman added: “I am pleased to report that revenue for 2022 is expected to close at the upper end of our annual guidance, namely an increase of up to 2 percent, while Capex is projected to remain in the lower half of the initial forecast of less than QR3bn”.
A replay of the event with all presentations are now available to view on the Ooredoo investor relations website.
‘Upgrade Your World’ is the new brand positioning announced in August 2022, which forms part of the Company’s ongoing strategic business transformation, reflecting an agile, future-proof, employee- and customer-centric focus.
