Oreedoo.mp4

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00:00 We will now discuss the results of the banking sector in Qatar.

00:05 The leadership of this company seems to have been under pressure for the first quarter of this year.

00:15 However, the company has also had free cash flows during this period, which confirms the strong liquidity.

00:22 But as for the details of the company's business results, we notice that the net profit was 5% during the first quarter of this year.

00:31 As we mentioned, this is due to the non-operational revenues and revenues from its units in Qatar and Oman.

00:38 We also notice that the profits before the cuts, if we are talking about taxation and other benefits,

00:44 we notice that there are increases of 6% to exceed 2 billion Riyals.

00:49 This confirms the positive extent of the company's performance.

00:54 If we are talking about revenues, today, there were increases of 4% during the first quarter of this year.

01:01 This is due to the support of the operational activities in Iraq, Algeria and Tunisia.

01:06 As for other revenues, we notice that there are increases of 86%

01:12 The main factor that is due to this is the compensation, which is paid in a financial compensation

01:18 according to a judicial ruling worth more than 500 million Riyals from the Kuwaiti government.

01:23 We are also noticing the non-operational revenues for the company.

01:27 The financing costs were more than 13% during the first quarter of this year.

01:33 As a result, the support was also reduced by 31%.

01:38 The capital expenditure was a slight decline of 3% to record 382 million Riyals.

01:45 Moving on to the revenues from the main units of the company,

01:49 we notice that in Qatar there were declines of 7%.

01:53 The main fund for the growth of the client base in Qatar was 1%

01:58 and reached more than 3 million clients during the first quarter of this year.

02:03 In Iraq, the growth of the client base in Iraq was 29%.

02:07 This was a support for the company's business results.

02:09 As a result, the number of clients in Iraq rose by 6% to 18 million.

02:16 Looking at the rest of the markets in Algeria, there was also a growth of 16%.

02:22 As a result, the number of clients reached more than 13 million.

02:27 In Jordan and Oman, there were declines, which was one of the reasons we talked about in the press

02:32 regarding the company's results and profits during this period.

02:35 In Kuwait, there was a 7% growth, and thus, the growth of the client base was 3% to 3 million clients.

02:43 Moving on to the main factors this time and the existing ones,

02:47 we noticed that there were declines of 2.4% during the first quarter of this year.

02:53 The main reason for this decline is the cash and deposit refunds to banks,

02:59 which amounted to 10.6 billion Riyals.

03:03 As for the demands, there was also a slight decline of 11.1%

03:08 of which 11 billion Riyals were the demands for 12 months.

03:14 We also had loans that were 2.4% which amounted to 12 billion Riyals,

03:21 of which 70 million Riyals were worth during this year.

03:26 Thus, there were 4.3% property rights, of which 14.5 billion Riyals were the returns.

03:36 The free cash flow, as you noticed, increased by 11% to exceed 2 billion Riyals.

03:43 The client base for this company, which is distributed in the Middle East and North Africa

03:48 and also in South and East Asia, amounted to more than 159 million clients.

03:54 This was a look at the results of the leading business in the telecommunications sector

03:59 during the first quarter of this year.