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Ooredoo AGM Ratifies Agenda Items
5 March 2020
Ooredoo has announced the results of its
annual general meeting ‘AGM’ held Wednesday 4 March 2020 as the
shareholders had deliberated and ratified the items listed on the agenda
of their meeting as follows:
1.
The Directors’
report on the company’s financial for 2019 and company’s future strategy
2.
The Governance
report for the year 2019
3.
The External
Auditors report on the company’s accounts for 2019
4.
The Company’s
financial statement for the year ended 31 December 2019
5.
The
implementation of regulations issued by QFMA in relation to Corporate
Governance and Internal Controls report for the financial year 2019
6.
The Distribution
of QAR 0.25 cash dividends to the shareholders
7.
Discharging the
Board members from their responsibility on the financial year 2019.
8.
The election of
external auditors to handle the company’s accounts for the year 2020 and
determining their charges.
H E Sheikh Abdullah bin Mohammed bin Saud Al
Thani, Chairman of the Board of Directors, complimented the great
progress achieved by the Group in field of digital transition and
enabling the clients to access to services through the internet and the
various digital platforms which had its contribution to the successes
accomplished by the company during 2019.
H E Sheikh Abdullah Al Thani demonstrated
the company’s continued commitment for building a distinctive digital
future its clients. He said “The Company has achieved a strong progress
in all segments which will set down firm foundations for more
accomplishments in the course of 2020. We have extended large efforts
for the digital transformation among all our businesses and made a
pretty advancement in the implementation of Ooredoo ambitious strategy
in the digital transformation. That is obviously reflected in the
transformation of our clients’ experience to the internet and the
deployment of technology for the enrichment of clients’ digital life and
helping them achieving their aspirations. Ooredoo has also maintained
investing in modern and sophisticated networks technologies in order to
back the new generation of products and services”.
“It is also important to indicate that the
data services constituted more than 50% of the Group’s revenues which is
considered a significant achievement reflecting our success in the
reinforcement and the development of our digital services we offer to
our clients of both retail and corporate. We are confident that we will
continue our success in 2020 in light of our robust network and our
capabilities in transforming all business segments to digital ones
beside our obvious strategy for the future” He added.
H E Sheikh Abdullah Al Thani expressed
Ooredoo’s compliance with the Capital regulations and instructions as
several credit rating agencies ‘including Moody’s, Standard & Poors and
Fitch’ have continued their ratings of Ooredoo at ‘Strong’ throughout
2019.
It is worth-mentioning that the most
significant accomplishments of the Group in 2019 is the achievement of
QAR 29.9 billion, an achievement driven by distinctive performance of
the Group’s operations in Qatar, Kuwait, Tunisia and Indonesia.