Ooredoo Group Confirms Final Court Ruling Issued in Favour of the National Mobile Telecommunications Company, Ooredoo Kuwait to receive approx. QAR 510 million
Doha, Qatar, 23 March 2023: Ooredoo Q.P.S.C. (“Ooredoo”) – Ticker ORDS – has announced the issuance of the decision of the Council Chamber of the Court of Cassation of Kuwait following the hearing of the appeal against the judgment issued in favour of the National Mobile Telecommunications Company - Ooredoo Kuwait - (Respondent) in the case No. 859/2020, related to tariffs on number ranges.
The appeal was filed by the Director General of the Communications and Information Technology Regulatory Authority (CITRA) in his capacity as (Appellant) and the Minister of Communication in his capacity as (Appellant).
In the ruling, the appeal was rejected, and the court ordered the Appellants to pay the Respondent the total amount of KD 43,817,594 (approx. QAR 510 million).
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Ooredoo is an international communications company operating across the Middle East, North Africa, and Southeast Asia. Serving consumers and businesses in ten countries, Ooredoo delivers leading data experience through a broad range of content and services via its advanced, data-centric mobile and fixed networks.
Ooredoo generated revenues of QAR 23 billion as of 31 December 2022. Its shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.