Page 14 - SAMENA Trends - March-April 2025

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Omantel Group Records 4.4% Growth in Net Profit Attributable to the
Company’s Shareholders

Oman Telecommunications Company Group (MSX: OTEL) financial results, with the Group's revenue (including Zain Group's
reported remarkable growth following the announcement of 2024 operations) rising by 3% from R.O 2942.7 million at the end of year
2023 to R.O 3,030.1 million in 2024. Despite the marginal decline
in the Group's net profit of 2.8% from R.O 315.5 million in 2023 to
R.O 306.8 in 2024, Omantel Group's net profit attributable to the
shareholders of the Company (after excluding the non-controlling
interest) grew by 4.4% to R.O 78.1 million in 2024 compared to RO
74.8 million in 2023.
Omantel's domestic operations performance:
At the level of domestic operations, Omantel's revenues grew by
2.7% to reach R.O 622.6 million, compared to R.O 606.5 million
reported in the same period of 2023. This growth was driven by
mobile postpaid segment revenue growth, which increased by
6%, and fixed broadband revenues, which increased by 7% YoY.
The Net Profit of the domestic operations for 2024 stands at RO
69.4 million compared to RO 68.1 million in the previous period,
a growth of 1.9%. This growth was driven by positive impact of
the settlement of a financial claim related to services provided by
Omantel prior to 2020.
Zain Group Performance:
Zain Group's revenues for the year ended 31st December 2024
reached RO 2,466.9 million compared to RO 2,361.4 million in the
corresponding period of the previous year, an increase of 4.47%.
EBITDA stands at RO 861.4 Mn, compared to the corresponding
period EBITDA of RO 871.2 million. Net profit stands at RO 313.9
million compared to RO 359.7 million of the previous period.
Omantel Board of Directors recommended to the Company’s
Annual General Meeting that will be held on 27th March 2025 to
distribute a cash dividend of 55 Baiza per share for the year ended
31st Dec 2024 (subject to shareholders approval), in addition to
allocating R.O 750,000 for community service during the year 2025.

Zain Group Introduces Global M2M Offering to
Accelerate the Proliferation of Connected Devices
Across the Region

Zain Group, a leading provider of innovative ICT and digital lifestyle
services operating in eight markets across the Middle East and
Africa, announces the introduction of its groundbreaking Global
M2M Offering. This innovative solution is set to empower OEMs
from across the globe to seamlessly integrate their devices into
multiple regional markets through a single point of integration
and contractual relationship. For the first time in the Middle East,
this development enables partner OEMs to access all the required
connectivity for their devices, eliminating the necessity to establish
local presence while ensuring full compliance with local regulations.
In partnership with MAVOCO AG, a leading provider of connectivity
management platforms, Zain is able to offer its customers state-
of-the-art connectivity management and control technologies,

14 MARCH-APRIL 2025