News Summary:
On May 1, 2026, Ooredoo's CEO assured no disruptions despite a regional crisis, as the Qatari telecommunications company reported a 6% increase in first-quarter revenue and a 4.7% rise in profits, aligning with analyst expectations. Previously, on April 30, Ooredoo Group announced its net earnings attributable to shareholders rose by 5% annually in the first three months of 2026, exceeding QR1 billion ($274 million), with revenue increasing 6% year-on-year to QR6 billion. This growth stemmed from strong contributions across its operations in Algeria, Tunisia, Qatar, Iraq, and Kuwait. Earlier on the same day, Chairman HE Sheikh Faisal bin Thani al-Thani attributed the 4.7% year-on-year net profit growth to QR1 billion for Q1 to disciplined execution and the strength of its diversified footprint. Ooredoo Group had also reported its Q1 revenue grew 6.0% year-on-year to QAR 6.19 billion, driven by robust performance in Algeria, Tunisia, Qatar, Iraq, and Kuwait, while its customer base expanded 3.2% to 53.7 million, reaching 147.1 million including IOH, supported by sustained demand for connectivity and data, enhanced customer experience, and network quality.