Muscat, 19 January 2014 – Nawras has been recognised by Oman Economic Review’s annual Top 20 as one of the Sultanate’s most successful companies. Greg Young, Nawras CEO, joined other leading CEOs from across the Sultanate to collect the award on behalf of Nawras.
He said, “The developments in technology have seen the capabilities and demands of the market increase in the last year. Our ongoing growth has
seen speeds double, coverage increase and the whole company respond to the needs of our customers to provide a connected and customer focused service. To be named as one of Oman’s top companies in a year when we have made significant investment in our network is a pleasing achievement for Nawras.”
OER’s ranking assesses the country’s corporate sector based on financial indicators including growth of profit, earnings per share and share price growth. Since debuting in 2010, Nawras has featured in the Top 20 every year.
Nawras:
Omani Qatari Telecommunications Company SAOG was founded and registered in the Sultanate of Oman in December 2004. It launched its service in March 2005 as the challenger mobile operator in Oman operating under the name Nawras. Nawras was awarded the second fixed licence in Oman in 2009, and launched its international gateway in April 2010, its corporate fixed and broadband services in May 2010, and its residential fixed and broadband services in June 2010. Since 2010, Nawras has been an integrated services telecommunications operator and is currently serving over 2 million customers across the Sultanate. Following a successful IPO, Nawras is listed on the Muscat Stock Market (MSM) under the “nwrs” ticker since 1 November 2010. Nawras is majority owned by Ooredoo, formerly known as Qtel Group, and also has a number of significant Omani shareholders which ensures that the company is strongly integrated into the Omani society. Nawras has won a number of awards including Jury’s Distinction Award for Customer Service Excellence in the telecom sector 2013, Innovation in HR Strategy 2011 from Asia’s Best Employer Brand Awards, Outstanding Leader from TMT Finance Middle East 2011, Best IPO in the Middle East from emeafinance magazine and Strategic Leadership Award from Global HR Excellence Awards 2011.
About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and South-East Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives and Indonesia. The company was named ‘Best Mobile Operator’ of the year 2013 at World Communication Awards. Ooredoo reported revenues of $9.3 billion U.S. dollars in 2012 and had a consolidated global customer base of more than 92.9 million people as of 31 December 2012. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
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