Page 54 - SAMENA Trends - Jan-Mar 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Ooredoo's tech pioneers, Al-Babtain shared the exciting news of 2% to reach 7.3 million customers in 2023. Revenues increased to
the successful testing of SuperFast 5.5G mmWave technology. He KWD 124 million in 2023 compared to KWD 123 million in 2022.
extended his heartfelt gratitude to the team for unlocking a new era EBITDA decreased to KWD 47 million in 2023 compared to KWD
of speed, reliability, and cutting-edge connectivity, acknowledging 55 million in 2022.
their dedication and hard work that garnered the organization triple Ooredoo – Algeria: Ooredoo Algeria’s customer base increased
win of Stevie Awards for Innovation, Website, and Application. by 3% compared to 2022 to reach 13.4 million in 2023. Revenue
Al-Babtain emphasized that Ooredoo's progress goes beyond increased by 11% to KWD 208 million in 2023 compared to KWD
technology, with a deep commitment to tailoring services to the 187 million in 2022. EBITDA increased by 26% to reach KWD 84
diverse needs and lifestyles of valued customers. He concluded million in 2023 compared to KWD 66 million in 2022.
by stating, "As the journey continues, we look forward to upgrading Ooredoo – Palestine: Customer base in Palestine increased by 2%
the world of our customers." to 1.4 million customers in 2023. Revenue decreased to KWD 34
Review of Operations million in 2023, compared to KWD 35 million in 2022. EBITDA at
The Group’s operational performance can be summarised as KWD13 million in 2023 in line with prior year. During fourth quarter
follows: of 2023, there has been severe damage to the network in Gaza,
Ooredoo – Kuwait: Ooredoo's customer base in Kuwait increased which has negatively impacted Ooredoo Palestine.
to 2.8 million in 2023, up by 5% compared to 2022. Ooredoo Kuwait Ooredoo – Maldives: Customer base in Maldives increased to 392k
reported a 4% increase in Revenue to KWD 246 million in 2023 customers in 2023. Ooredoo Maldives reported a 9% increase in
compared to KWD 236 million in 2022. EBITDA increased by 15% Revenues to KWD 42 million in 2023, compared to KWD 38 million
to KWD 82 million in 2023 compared to KWD 72 million in 2022, in 2022. EBITDA increased by 15% to reach KWD 24 million in 2023
driven by operational efficiencies across the business. compared to KWD 21 million in 2022.
Ooredoo – Tunisia: Ooredoo’s customer base in Tunisia grew by

Salam Signed 31 Agreements at LEAP 2024 to
Support Saudi Arabia's Digital Transformation

Agenda

Salam, the fastest-growing and most innovative Saudi
telecommunications brand at the 2023 Global Brands Awards,
amplified its impact by signing 31 agreements at the highly
anticipated LEAP 2024 event. By deepening relationships with
existing partners while pursuing new opportunities, Salam has
demonstrated its unwavering commitment to forging an innovative
and inclusive future. At LEAP that year, Salam made waves by
announcing new partnerships spanning the entire digital spectrum,
from cutting-edge network transformations to groundbreaking
e-commerce solutions, big data analytics, AI applications and
more. Salam's visionary CEO, Ahmed Al-Anqari accompanied with
leaders within the organisation, were at hand to sign the various
agreements, establishing Salam as a key player in Saudi's dynamic
digital ecosystem. Ahmed Al-Anqari, on signing these milestone
partnerships, stated: "At Salam, we believe that innovation knew no
bounds. Our partnerships are the cornerstone of our success, and
together, we are helping shape a future where no one is left behind.
In line with Vision 2030, the digital transformation of the Saudi
government is an integral part of the overall strategy that aims experience into a future where technology was designed around
to enable and accelerate societal transformation. Through these human needs and business objectives, showcasing Salam's
agreements, we can drive progress in Saudi Arabia and beyond blueprint for a digitally empowered Kingdom through the lenses
while staying true to our people-centered vision." The event hosted of connectivity, cybersecurity, cloud management, and emerging
over 450 startups, more than 1,000 speakers, and over 170,000 technologies. Salam welcomed visitors, partners, and technology
exhibitors from across the globe. The event, known as the "Digital enthusiasts from around the world to their booth at LEAP 2024,
Davos," took place from March 4-7, 2024, at the Riyadh Exhibition where the future of digital transformation was showcased.
and Convention Center. Salam's booth provided an immersive

54 JANUARY-MARCH 2024