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TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

‘Wadeem’ sold out for $1.49bn

This is the highest Abu Dhabi real-estate release to date.

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Ooredoo to pay 3% interest

Ooredoo Group has announced new partnerships with Tech Mahindra and Google Cloud that will see the company accelerate its digital transformation.
By TRENDS Desk
August 3, 2022 3:02 pm
  • The company will pay the accrued interest of 3.25 percent to the bondholders amounting to $1 billion and due on Feb. 21, 2023
  • Ooredoo revenue for the half year ended 30 June 2022 stood at QR11 billion, an increase of 4 percent compared to the same period last year

Ooredoo will pay its Global Medium Term Note (GMTN) holders $16.250 million interest on August 22.

The company will pay the accrued interest of 3.25 percent to the bondholders amounting to $1 billion and due on Feb. 21, 2023. 

Ooredoo revenue for the half year ended 30 June 2022 stood at QR11 billion, an increase of 4 percent compared to the same period last year. 

Net Profit for the period stood at QR1.3 billion up 43 percent from the first half of 2021.

Group EBITDA for the period was QR4.5 billion, an increase of 2 percent. 

CAPEX for the period stood at QR965 million and Free Cash Flow increased 10 percent to reach QR3.6 billion. 

Consolidated customer base stood at 55 million, driven by growth in most markets offset by a decline in Myanmar.  

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