Ooredoo is a leading multi-service digital connectivity player across the Middle East, North Africa and Southeast Asia, combining the resilience of investment-grade GCC markets with exposure to some of the region’s fastest-growing telecom and digital infrastructure opportunities. With operations across nine markets, 145 million mobile subscribers and leading #1 or #2 positions in seven countries, Ooredoo has built a diversified portfolio of high-quality assets that balances predictable cash generation with sustainable long-term growth.
The Group benefits from a uniquely balanced portfolio. More than half of revenues are generated in cash-generative GCC markets, while nearly half comes from high-growth markets such as Iraq, Algeria and Tunisia. This combination provides investors with both stability and growth, reducing concentration risk while supporting consistent revenue, EBITDA and free cash flow expansion.
Ooredoo operates some of the strongest telecom franchises in its footprint. The Group combines premium brands, superior network quality, extensive spectrum holdings and leading customer experience across its markets. Its scale, market positions and customer-centric strategy have enabled Ooredoo to consistently strengthen profitability while maintaining leadership in key markets.
Beyond telecom, Ooredoo is creating significant value through digital infrastructure. The Group has successfully carved out and scaled strategic infrastructure platforms including towers, data centres and subsea cable assets. Through Syntys, Ooredoo is building a regional data centre platform targeting 120MW of capacity, while its tower partnership is creating the largest TowerCo in MENA with over 30,000 sites. Additionally, major submarine cable investments are positioning the Group as a critical digital connectivity bridge between Europe, the Gulf and Asia.
Ooredoo offers investors multiple growth engines. Alongside its core telecom business, the Group is expanding into high-growth adjacencies including data centres, GPU-as-a-Service, fintech, API monetisation and digital business services. These platforms provide meaningful opportunities to accelerate growth, increase valuation multiples and diversify earnings over time.
The Group has a proven track record of value creation and disciplined strategic execution. Management has successfully optimized the portfolio through transformational initiatives including the Indosat merger, the Myanmar exit, infrastructure carve-outs and strategic partnerships. These actions have enhanced returns, strengthened the balance sheet and improved capital allocation efficiency.
Financial fundamentals remain exceptionally strong. Ooredoo delivers resilient profitability, strong free cash flow generation, improving returns on equity and invested capital, and one of the strongest balance sheets in the sector. Investment-grade ratings from S&P (A) and Moody’s (A2), combined with net leverage of only 0.6x, provide substantial financial flexibility to invest in growth while maintaining attractive shareholder distributions.
The investment case is further supported by an attractive shareholder return profile. Ooredoo has consistently increased dividends, delivered a total shareholder return of 118% since 2021, and recently enhanced its dividend policy to target a payout ratio of 50–70% of normalized earnings, reflecting confidence in the Group’s cash generation capabilities.
Underpinned by experienced leadership, a proven operating model and a clear long-term strategy, Ooredoo is uniquely positioned to capture increasing demand for digital connectivity, cloud infrastructure, AI-enabled services and financial inclusion across some of the world's most attractive emerging markets.
