DOCSLIB.ORG

Etisalat-Group-Annual-Report-English-2018.Pdf

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Etisalat-Group-Annual-Report-English-2018.Pdf ANNUAL REPORT 2018 ETISALAT GROUP TABLE OF CONTENTS 01. Key Highlights of 2018 04 14. E-Vision 43 02. Business Snapshot 06 15. Saudi Arabia 44 03. Chairman’s Statement 08 16. Egypt 46 04. Board of Directors 10 17. Morocco 48 05. Etisalat’s Journey 14 18. Pakistan 52 06. Group CEO’s Statement 16 19. Afghanistan 56 07. Management Team 18 20. Etisalat Services Holding 57 08. Vision and Strategy 22 21. Human Capital 59 09. Key Events During 2018 26 22. Corporate Social Responsibility 62 10. Operational Highlights 28 23. Corporate Governance 66 11. Brand Highlights 32 24. Enterprise Risk Management 70 12. Etisalat Group’s Footprint 36 25. Financials 74 13. United Arab Emirates 38 26. Notice for General Assembly Meeting 167 2 3 ANNUAL REPORT 2018 ETISALAT GROUP KEY HIGHLIGHTS OF 2018 52.4 25.9 AED AED BILLION REVENUE BILLION EBITDA 8.6 80 AED FILS NET PROFIT DIVIDEND PER SHARE 8.4 141 AED MILLION BILLION CAPEX AGGREGATE SUBSCRIBERS ANNUAL REPORT 2018 ETISALAT GROUP BUSINESS SNAPSHOT In 2018, Etisalat Group’s vision of driving the digital future to em- Simultaneously, Etisalat has maintained its practice of high cash power societies helped deliver a digital experience and engendered generation, in order to continue to reward its shareholders and innovation across its customers and businesses. Etisalat’s perfor- grow its business. The Group has sustained a generous dividend mance in 2018 is a reflection of the Group’s resilience and ability to program with close to AED 21 billion returned to shareholders over mitigate the pressures arising from the challenges facing the indus- the past three years. try as it maximised the value of its core business while developing the Group’s digital portfolio. There was an increased diversification Since its inception, Etisalat has upheld a high level of capital effort through new growth opportunities, transforming Etisalat expenditure to support wider coverage, higher speeds and greater into an agile and more efficient digital company. capacity in its networks. Etisalat’s primary focus has been on building capabilities and expertise to become a digital telco. The Etisalat deployed numerous innovative technologies and services Company is working alongside esteemed customers as a trusted in 2018 to remain at the leading edge of customer experience. partner to support them in their digital journey. In order to further Among several agreements to implement and deploy Artificial accelerate the digital growth, the Group is assessing organic as Intelligence and Cloud Managed solutions with various blue-chip well as inorganic expansion opportunities. In addition, the Group organisations, Etisalat and Microsoft formed a strategic partner- recently invested in licenses and spectrum in Saudi Arabia, Mali ship to deliver the trusted Microsoft Cloud from their first data and Togo. In Pakistan, the network transformation programme centre located in the Middle East. Etisalat takes pride in becom- progressed targeting 100 local exchanges while reaching 98% of ing the first telecom operator to successfully launch the first 5G 4G network coverage in Morocco, supporting the push into mobile Ultra-Mobile broadband experience in the region. Through its data services and encouraging future growth. partnership with Expo 2020 Dubai, the Expo became the first 5G major commercial customer in MEASA; a declaration of a new Etisalat Group’s investments in its own infrastructure and assets era of digital connectivity and an acknowledgment of 5G’s rich are ultimately investments in the regions in which it operates. anticipated potential. This, in turn, further strengthens Etisalat’s capacity to do business in these countries. In particular, Etisalat has helped the UAE to In the UAE, Etisalat launched ‘Hello Business Hub’, a one-stop sustain its position as the region’s business, trade and foreign platform for all start-ups and SMBs. Furthermore, E-Vision entered investment hub by providing reliable, high-quality services for over an exclusive five-year content deal with Starz Play. Etisalat was 40 years. It has accomplished this through extensive investment also named the most valuable brand in the Middle East, in addition in the development of world-class networks. As a result, the UAE to being awarded the most valuable portfolio brand in the MENA leads the region and the world in technology innovation and region for the third year in a row. deployment as well as high-speed broadband penetration. Portfolio rationalisation was largely completed as Etisalat merged In the years to come, the Etisalat Group will hold onto this leader- its entity in Sri Lanka with CK Hutchison and exited Thuraya. ship position via sustained growth and innovation within the UAE’s Today the Group’s international portfolio consists of 14 markets multi-billion-dollar telecom market and all others across its foot- and is ranked in first and second place in terms of value share in print, with particular emphasis on the digital and ICT segments. By twelve of these markets. continuing to create the world’s best networks, Etisalat Group will continue delivering long-term value for all stakeholders. 7 ANNUAL REPORT 2018 ETISALAT GROUP CHAIRMAN’S STATEMENT “We look at the future with confidence and optimism.” Our journey in 2018, marks another successful year for Etisalat As Etisalat continues its journey, it allows new opportunities in realizing its vision towards driving the digital future to with every generation of technology that it adopts. Etisalat empower societies. As a group, we focused on strengthening our envisions 5G as a stepping-stone to unlimited potential, a tech- core business, expanding and enriching our digital portfolio, and nology that will enable new use cases, widen possibilities, and diversifying into new growth opportunities. We have increased enhance value creation. Hence, we were the first to launch the the effort on transforming Etisalat into an agile and more first commercial 5G network in UAE and the region achieving efficient company. another technological milestone for the company. The fifth gen- eration of the network will fuel digital transformation, IoT, smart With the emergence of the digital era, there have been dynamic cities and the fourth industrial evolution. changes and rapid developments in the global telecom sector. Etisalat maintained its leadership position as it continued to Etisalat was ranked as the most valuable brand portfolio in transition to a digital organization both internally and exter- MENA for the third consecutive year, a testimonial of its power nally. Our operating companies worked in line with the overall and a translation of its sincere efforts to provide customers with strategy and managed to enhance synergy at group level, great service, compelling offers, and value for money. Etisalat progressed with our digital vision and elevated competitiveness Group was the first Middle East company to break the $10 in their respective markets. billion barrier in terms of wider portfolio value. Etisalat Group continued to achieve strong financial performance Our geographic footprint today continues to present substantial and maintained its high credit rating reflecting its efforts to pro- opportunities and at the same time, some challenges. Etisalat vide value to shareholders, which was the drive behind proposing has always seen beyond the obstacles and acted diligently to protect the long-term interests of its shareholders by optimizing a final dividend of AED 0.40 per share, bringing the total dividends and maintaining a healthy business portfolio and continue to for the year to AED 0.80, in line with our policy in previous years. seek good opportunities to grow as a company. This represents a dividend yield of 4.7% and dividends payout ratio of around 81%. In addition, the company enhanced its corporate Today, we look at the future with confidence and optimism as governance by recommending lifting of restrictions on voting we are determined to progress on solid grounds and continue rights of foreign shareholders. innovation while focusing on driving the digital transformation to take advantage of future opportunities that will enable us to Etisalat’s infrastructure is built to enable digital transformation, add greater value to our customers and shareholders. to nurture innovation, and to provide superb customer experi- ence, it is a competitive edge that will remain a strategic priority I would like to thank the leadership of UAE, President HH Sheikh at group level. Our mobile and fixed networks in majority of Khalifa bin Zayed Al Nahyan, HH Sheikh Mohammed bin Rashid operating markets are amongst the best within their local Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, markets or surpassed their geographical boundaries and led at HH Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu global scale. For example in the UAE, Etisalat has the widest LTE Dhabi and Deputy Supreme Commander of the UAE Armed Forc- coverage globally and among the global leaders when it comes es for their continued support to Etisalat Group and the telecom to fiber network penetration. sector. In addition, I would like to express my sincere gratitude to our customers for their steady confidence and our sharehold- We are honored to be the trusted partner of governments in many ers for their continued support and special thanks to Etisalat national and strategic projects, and we are proud that our net- management team for their commitment and dedicated work work investments and initiatives are supporting the countrywide that will drive us to move forward and continue our success. telecom infrastructure indices in markets that we operate in. For UAE, we have partnered with concerned governmental entities to fulfill our leadership ICT vision through dedicated initiatives that enhance penetration and coverage of key services. Ultimately, the integration of efforts has ranked UAE as number 2 in Telecom Eissa Mohamed Ghanem Al Suwaidi Infrastructure Index (TII) in 2018 as opposed to 25 in 2016.
Load more

Recommended publications
  • Annual Report 2018
    Pakistan Telecommunication Company Limited Company Telecommunication Pakistan PTCL PAKISTAN ANNUAL REPORT 2018 REPORT ANNUAL /ptcl.official /ptclofficial ANNUAL REPORT Pakistan Telecommunication /theptclcompany Company Limited www.ptcl.com.pk PTCL Headquarters, G-8/4, Islamabad, Pakistan Pakistan Telecommunication Company Limited ANNUAL REPORT 2018 Contents 01COMPANY REVIEW 03FINANCIAL STATEMENTS CONSOLIDATED Corporate Vision, Mission & Core Values 04 Auditors’ Report to the Members 129-135 Board of Directors 06-07 Consolidated Statement of Financial Position 136-137 Corporate Information 08 Consolidated Statement of Profit or Loss 138 The Management 10-11 Consolidated Statement of Comprehensive Income 139 Operating & Financial Highlights 12-16 Consolidated Statement of Cash Flows 140 Chairman’s Review 18-19 Consolidated Statement of Changes in Equity 141 Group CEO’s Message 20-23 Notes to and Forming Part of the Consolidated Financial Statements 142-213 Directors’ Report 26-45 47-46 ہ 2018 Composition of Board’s Sub-Committees 48 Attendance of PTCL Board Members 49 Statement of Compliance with CCG 50-52 Auditors’ Review Report to the Members 53-54 NIC Peshawar 55-58 02STATEMENTS FINANCIAL Auditors’ Report to the Members 61-67 Statement of Financial Position 68-69 04ANNEXES Statement of Profit or Loss 70 Pattern of Shareholding 217-222 Statement of Comprehensive Income 71 Notice of 24th Annual General Meeting 223-226 Statement of Cash Flows 72 Form of Proxy 227 Statement of Changes in Equity 73 229 Notes to and Forming Part of the Financial Statements 74-125 ANNUAL REPORT 2018 Vision Mission To be the leading and most To be the partner of choice for our admired Telecom and ICT provider customers, to develop our people in and for Pakistan.
    [Show full text]
  • PDF/Population/ P9p10%20Literacy%20Rates%20By%20District,%20Sex%20An Census and Statistics, Sri Lanka) D%20Sector.Pdf 5 Department of Census and Statistics Sri Lanka
    Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized Public Disclosure Authorized i | Broadband in Sri Lanka: A Case Study ii | Broadband in Sri Lanka: A Case Study © 2011 The International Bank for Reconstruction and Development / The World Bank 1818 H Street NW Washington DC 20433 Telephone: 202-473-1000 Internet: www.worldbank.org E-mail: [email protected] All rights reserved The findings, interpretations and conclusions expressed herein are entirely those of the author(s) and do not necessarily reflect the view of infoDev, the Donors of infoDev, the International Bank for Reconstruction and Development/The World Bank and its affiliated organizations, the Board of Executive Directors of the World Bank or the governments they represent. The World Bank cannot guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply on the part of the World Bank any judgment of the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this publication is copyrighted. Copying and/or transmitting portions or all of this work without permission may be a violation of applicable law. The International Bank for Reconstruction and Development/The World Bank encourages dissemination of its work and will normally grant permission to reproduce portions of the work promptly. For permission to photocopy or reprint any part of this work, please send a request with complete information to infoDev Communications & Publications Department; 2121 Pennsylvania Avenue, NW; Mailstop F 5P-503, Washington, D.C.
    [Show full text]
  • United Arab Emirates
    FREEDOM ON THE NET 2016 United Arab Emirates 2015 2016 Population: 9.2 million Not Not Internet Freedom Status Internet Penetration 2015 (ITU): 91 percent Free Free Social Media/ICT Apps Blocked: Yes Obstacles to Access (0-25) 14 14 Political/Social Content Blocked: Yes Limits on Content (0-35) 22 22 Bloggers/ICT Users Arrested: Yes Violations of User Rights (0-40) 32 32 TOTAL* (0-100) 68 68 Press Freedom 2016 Status: Not Free * 0=most free, 100=least free Key Developments: June 2015 – May 2016 • Authorities issued blocking orders against several overseas news websites over the past year, including Middle East Eye, The New Arab, and al-Araby al-Jadeed for unfavorable coverage of the country’s human rights abuses. Two Iran-based news sites were also blocked in a reflection of mounting tensions between the two countries (seeBlocking and Filtering). • A July 2015 law designed to combat discrimination and hate speech also outlines jail terms of six months to over 10 years and fines from US$ 14,000-550,000 for online posts deemed to insult “God, his prophets, apostles, holy books, houses of worship, or grave- yards” (see Legal Environment). • In June 2015, Nasser al-Faresi was sentenced to three years in jail for tweets found to have insulted the Federal Supreme Court and the ruler of Abu Dhabi. The court convicted him of “spreading rumors and information that harmed the country” (see Prosecutions and Detentions for Online Activities). • Academic and activist Dr. Nasser Bin Ghaith was arrested and held incommunicado until April 2016, when it was announced he was held on numerous charges, including “com- mitting a hostile act against a foreign state” for tweets that criticized Egypt’s treatment of political detainees (see Prosecutions and Detentions for Online Activities).
    [Show full text]
  • Destinaton Code Destination Name Rate 63933 Philippines Mobile Sun 0.0865 63932 Philippines Mobile Sun 0.0865 63923 Philippines
    Destinaton Code Destination Name Rate 63933 Philippines Mobile Sun 0.0865 63932 Philippines Mobile Sun 0.0865 63923 Philippines Mobile Sun 0.0865 63922 Philippines Mobile Sun 0.0865 63925 Philippines Mobile Sun 0.0865 63931 Philippines Mobile Sun 0.0865 93 Afghanistan Fixed 0.17 9377 Afghanistan Mobile Areeba 0.095 9376 Afghanistan Mobile Areeba 0.095 9375 Afghanistan Mobile AT 0.0945 35568 Albania Mobile AMC 0.265 35567 Albania Mobile Eagle 0.292 50474124 Honduras Mobile Hondutel 0.098 50474123 Honduras Mobile Hondutel 0.098 63950 Philippines Mobile Smart 0.0855 6398 Philippines Mobile Smart 0.0855 63962 Philippines Mobile Smart 0.0855 63813 Philippines Mobile Smart 0.0855 21366 Algeria Mobile Mobilis 0.272 21369 Algeria Mobile Mobilis 0.272 213659 Algeria Mobile Mobilis 0.272 213658 Algeria Mobile Mobilis 0.25 21367 Algeria Mobile Mobilis 0.25 2135 Algeria Mobile Wataniya 0.275 21377 Algeria Mobile Orascom 0.174 21379 Algeria Mobile Orascom 0.174 21378 Algeria Mobile Orascom 0.174 25242 Somalia Fixed Golis 0.28 25255 Somalia Fixed Golis 0.28 25257 Somalia Fixed Golis 0.28 25258 Somalia Fixed Golis 0.28 25288 Somalia Fixed Golis 0.28 25290 Somalia Fixed Golis 0.28 25291 Somalia Fixed Golis 0.28 54 Argentina 0.019 5411 Argentina Buenos Aires 0.01 543543 Argentina Cities 0.01 54291 Argentina Cities 0.01 54348 Argentina Cities 0.01 543464 Argentina Cities 0.01 54351 Argentina Cities 0.01 543783 Argentina Cities 0.01 542362 Argentina Cities 0.01 542302 Argentina Cities 0.01 54221 Argentina Cities 0.01 54223 Argentina Cities 0.01 54261 Argentina
    [Show full text]
  • SWOT Analysis of Ufone
    Ufone Ufone GSM is a Pakistani GSM cellular service provider, It's one of five GSM Mobile companies in Pakistan, and is a subsidiary ofPakistan Telecommunication Company. After the privatization of PTCL, Ufone is now owned by Etisalat. Ufone has a subscriber base of 20.23 million as of September 2010. Ufone Cellular Company INTRODUCTION TO UFONE Ufone is a newly cellular company as compared to others like Mobilink, Zong(Paktel), Instaphone operating inPakistan, providing cellular services for Eight years now. Ufone services are offered by Pak Telecom Mobile Limited (PTML), a 100% owned subsidiary of Pakistan Telecommunication Company Limited (PTCL). Established to operate cellular telephony. The company commenced its operations, under the brand name of Ufone, from Islamabad on January 29, 2001. and subsequently extended its coverage to other cities i.e. Lahore, Karachi, Kohat, Jehlum,Gujranwala, Faisalabad, Sheikhopura. In addition to the road coverage on Peshawar-Islamabad-Lahore section. Till now its coverage has been extended to more than 750 cities. In Peshawar its operation were started on 7th of May, 2001. Ufone, the brand name of the service, has been a highly successful venture touching 120000 subscribers in less than four months of its operations. SWOT analysis of Ufone INTRODUCTION Ufone GSM is a Pakistani GSM cellular service provider. It is one of six GSM Mobile companies in Pakistan and is a subsidiary of Pakistan Telecommunication Company. The company commenced its operations under the brand name of Ufone from Islamabad on January 29 2001. U fone expanded its coverage and has added new cities and highways to its coverage network.
    [Show full text]
  • ZONE COUNTRIES OPERATOR TADIG CODE Calls
    Calls made abroad SMS sent abroad Calls To Belgium SMS TADIG To zones SMS to SMS to SMS to ZONE COUNTRIES OPERATOR received Local and Europe received CODE 2,3 and 4 Belgium EUR ROW abroad (= zone1) abroad 3 AFGHANISTAN AFGHAN WIRELESS COMMUNICATION COMPANY 'AWCC' AFGAW 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 3 AFGHANISTAN AREEBA MTN AFGAR 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 3 AFGHANISTAN TDCA AFGTD 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 3 AFGHANISTAN ETISALAT AFGHANISTAN AFGEA 0,91 0,99 2,27 2,89 0,00 0,41 0,62 0,62 1 ALANDS ISLANDS (FINLAND) ALANDS MOBILTELEFON AB FINAM 0,08 0,29 0,29 2,07 0,00 0,09 0,09 0,54 2 ALBANIA AMC (ALBANIAN MOBILE COMMUNICATIONS) ALBAM 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALBANIA VODAFONE ALBVF 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALBANIA EAGLE MOBILE SH.A ALBEM 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALGERIA DJEZZY (ORASCOM) DZAOT 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALGERIA ATM (MOBILIS) (EX-PTT Algeria) DZAA1 0,74 0,91 1,65 2,27 0,00 0,41 0,62 0,62 2 ALGERIA WATANIYA TELECOM ALGERIE S.P.A.
    [Show full text]
  • Pakistan Telecommunication Company Limited
    VIS Credit Rating Company Limited www.vis.com.pk RATING REPORT Pakistan Telecommunication Company Limited REPORT DATE: RATING DETAILS October 05, 2020 Latest Rating Previous Rating Long- Short- Long- Short- Rating Category term term term term RATING ANALYSTS: Entity AAA A-1+ AAA A-1+ Talha Iqbal Rating Date October 05, 2020 October 11, 2019 [email protected] Rating Outlook Stable Stable Rating Action Reaffirm Reaffirm Asfia Aziz [email protected] COMPANY INFORMATION Incorporated in 1995 External auditors: KPMG Taseer & Hadi Co., Chartered Accountants. Public Listed Company Chief Executive Officer: Rashid Naseer Khan Board of Directors: - Mr. Shoaib Ahmad Siddiqui - Mr. Abdulrahim A. Al Nooryani - Mr. Rizwan Malik - Mr. Hatem Dowidar - Mr. Hesham Al Qassim - Mr. Khalifa Al Shamsi - Mr. Naveed Kamran Baloch - Syed Shabahat Ali Shah - Dr. Mohamed Karim Bennis APPLICABLE METHODOLOGY(IES) VIS Entity Rating Criteria: Corporates (May 2019) https://www.vis.com.pk/kc-meth.aspx VIS Credit Rating Company Limited www.vis.com.pk Pakistan Telecommunication Company Limited OVERVIEW OF THE INSTITUTION RATING RATIONALE Pakistan Pakistan Telecommunication Company Limited (PTCL) is the leading Integrated Information Telecommunication Communication Technology (ICT) Company in Pakistan, having the largest fixed-line network Company Limited in the country. The company’s products and services include voice services, high-speed (PTCL) was broadband internet, Fiber to the Home (FTTH) services, CharJi wireless internet, Smart TV incorporated in 1995 (IPTV) service, , Smart TV App and Touch App, digital-content streaming services like Netflix, and provides , and enterprise-grade platforms like Smart Cloud, Tier-3 Certified Data Centers, Managed and telecommunication Satellite Services.
    [Show full text]
  • Call International Pay Local List of Countries
    Call International Pay Local List of countries Country Rates AFGHANISTAN 36 fils/Min + Call set up AED 1/Call BANGLADESH 36 fils/Min + Call set up AED 1/Call CHINA 36 fils/Min + Call set up AED 1/Call EGYPT 36 fils/Min + Call set up AED 1/Call INDIA 36 fils/Min + Call set up AED 1/Call INDONESIA 36 fils/Min + Call set up AED 1/Call IRAN 36 fils/Min + Call set up AED 1/Call NEPAL 36 fils/Min + Call set up AED 1/Call NIGERIA 36 fils/Min + Call set up AED 1/Call PAKISTAN 36 fils/Min + Call set up AED 1/Call PHILIPPINES 36 fils/Min + Call set up AED 1/Call SRI LANKA 36 fils/Min + Call set up AED 1/Call AMERICAN SAMOA 36 fils/Min + Call set up AED 1/Call * ANDORRA 36 fils/Min + Call set up AED 1/Call * ARGENTINA 36 fils/Min + Call set up AED 1/Call * AUSTRALIA 36 fils/Min + Call set up AED 1/Call * AUSTRIA 36 fils/Min + Call set up AED 1/Call * BAHAMAS 36 fils/Min + Call set up AED 1/Call * BAHRAIN 36 fils/Min + Call set up AED 1/Call * BELGIUM 36 fils/Min + Call set up AED 1/Call * BERMUDA 36 fils/Min + Call set up AED 1/Call * BHUTAN 36 fils/Min + Call set up AED 1/Call * BRAZIL 36 fils/Min + Call set up AED 1/Call * BRUNEI 36 fils/Min + Call set up AED 1/Call * BULGARIA 36 fils/Min + Call set up AED 1/Call * CAMBODIA 36 fils/Min + Call set up AED 1/Call * CANADA 36 fils/Min + Call set up AED 1/Call * CHILE 36 fils/Min + Call set up AED 1/Call * COLOMBIA 36 fils/Min + Call set up AED 1/Call * COSTA RICA 36 fils/Min + Call set up AED 1/Call * CYPRUS 36 fils/Min + Call set up AED 1/Call * CZECH REPUBLIC 36 fils/Min + Call set up AED 1/Call
    [Show full text]
  • Capital Markets Day 2020 Presentation
    Etisalat Group February 19st, 2020 Capital Jumeirah Saadiyat, Abu Dhabi Markets 2020 Day DISCLAIMER Emirates Telecommunications Group Company PJSC and its subsidiaries (“Etisalat Group” or the “Company”) have prepared this presentation (“Presentation”) in good faith, however, no warranty or representation, express or implied is made as to the adequacy, correctness, completeness or accuracy of any numbers, statements, opinions or estimates, or other information contained in this Presentation. The information contained in this Presentation is an overview, and should not be considered as the giving of investment advice by the Company or any of its shareholders, directors, officers, agents, employees or advisers. Each party to whom this Presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Where this Presentation contains summaries of documents, those summaries should not be relied upon and the actual documentation must be referred to for its full effect. This Presentation includes certain “forward-looking statements”. Such forward looking statements are not guarantees of future performance and involve risks of uncertainties. Actual results may differ materially from these forward looking statements. Business Overview Saleh Al-Abdooli Chief Executive Officer Etisalat Group Etisalat Group Serkan Okandan Financial Results Chief Financial Officer Etisalat Group Etisalat Group Hatem Dowidar International Chief Executive Officer
    [Show full text]
  • 01-English Annual Report-V19.Indd
    Annual Report 2012 Custodian of The Two Holy Mosques King Abdullah Bin Abdulaziz Al - Saud His Royal Highness Prince Salman bin Abdulaziz Al-Saud Crown Prince & First Deputy Prime Minister & Minister of Defense Contents Background & Introduction 01 Favourable Outlook for Future Growth 02 Our Vision, Mission and Objectives 03 Board of Directors and Executive Management 04 Financial Highlights 06 Milestones in Mobily’s History 07 Chairman’s Report 09 Managing Director’s Review 12 Management Review 15 Operations & Technology 16 Strategic Innovation 18 Customers 19 Sales & Marketing 20 Human Resource 21 Financial 22 Awards 23 Risk Management 24 CSR 24 Corporate Information 25 Financial Statements’ Index 26 Auditors’ Report 27 Consolidated Balance Sheet 28 Consolidated Statement of Income 29 Consolidated Statement of Cash Flows 30 Consolidated Statement of Changes in Shareholders’ Equity 31 Notes to the Consolidated Financial Statements 32 Background and introduction Etihad Etisalat Company (Mobily), is a Saudi joint stock Limited, incorporated in Bangalore, India, which began company, incorporated pursuant to the Council of Ministers’ commercial activities during 2008. In early 2009, the resolution number 189 of August 10, 2004 and Royal Decree remaining 0.01 percent of the subsidiary’s share capital number M/40 dated August 18, 2004. Mobily is registered in was acquired by National Company for Business Solutions, Riyadh under commercial registration number 1010203896 a subsidiary company. dated December 14, 2004. During 2008, the Company acquired 99 percent of The Company is the second authorised provider of mobile the partners’ shares in Bayanat Al-Oula for Network telecommunication services in Saudi Arabia, having begun Services Company, a Saudi limited liability company.
    [Show full text]
  • MAROC TELECOM GROUP a Significant Force in the Economic and Social Development in 11 African Countries
    CORPORATE GOVERNANCE MANAGEMENT BOARD Abdeslam AHIZOUNE Chairman of the Management Board Hassan Brahim François Abdelkader RACHAD BOUDAOUD VITTE MAAMAR Managing Director Managing Director of Managing Director of Regulation Networks and Systems Chief Financial Officer of Services and Legal Affairs MAROC TELECOM ALSO INCLUDES REGIONAL DIVISIONS REPORTING8 TO THE CHAIRMAN OF THE MANAGEMENT BOARD. SUPERVISORY BOARD PRESIDENT MEMBRES Mohamed BENCHAABOUN Abdelouafi LAFTIT Minister of Economy, Finance and Minister of the Interior Administration Reform Abderrahmane SEMMAR Director of Public Companies and Privatization VICE-PRESIDENT at the Minister of Economy, Finance and Administration Reform Obaid Bin Humaid AL TAYER Mohamed Hadi AL HUSSAINI Chairman of Emirates Chairman of Emirates Integrated Telecommunications Company Telecommunications Corporation (Etisalat) Saleh AL ABDOOLI General Manager of Etisalat Group Mohammed Saif AL SUWAIDI General Manager of Abu Dhabi Fund for Development Hatem DOWIDAR Managing Director of Etisalat International MAROC TELECOM GROUP A significant force in the economic and social development in 11 African countries Maroc Telecom Group, a leading operator and leader in several countries, is present in 11 countries on the African continent : Morocco, Benin, Burkina Faso, Côte d’Ivoire, Gabon, Mali, Mauritania, Niger, Central African Republic, Chad and Togo. The Group supports more than 68 million Mobile, Fixed-line and Internet customers. Through its commitment to bridging the digital divide, the Group contributes significantly to economic and social development, access to NICTs and the well-being of populations both in Morocco and in all the countries of its subsidiaries. The Group's presence in Africa fits perfectly into the South-South cooperation policy, initiated by His Majesty King Mohammed VI.
    [Show full text]
  • Pdf 8 Methodology Development, Ranking Digital Rights
    SMEX is a Beirut-based media development and digital rights organization working to advance self-regulating information societies. Our mission is to defend digital rights, promote open culture and local content, and encourage critical engagement with digital technologies, media, and networks through research, knowledge-sharing, and advocacy. Design, illustration concept, and layout are by Salam Shokor, with assistance from David Badawi. Illustrations are by Ahmad Mazloum and Salam Shokor. www.smex.org A 2018 Publication of SMEX Kmeir Building, 4th Floor, Badaro, Beirut, Lebanon © Social Media Exchange Association, 2018 This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. Acknowledgments Afef Abrougui conceptualized this research report and designed and oversaw execution of the methodology for data collection and review. Research was conducted between April and July 2017. Talar Demirdjian and Nour Chaoui conducted data collection. Jessica Dheere edited the report, with proofreading assistance from Grant Baker. All errors and omissions are strictly the responsibility of SMEX. This study would not have been possible without the guidance and feedback of Rebecca Mackinnon, Nathalie Maréchal, and the whole team at Ranking Digital Rights (www.rankingdigitalrights.org). RDR works with an international community of researchers to set global standards for how internet, mobile, and telecommunications companies should respect freedom of expression and privacy. The 2017 Corporate Accountability Index ranked 22 of the world’s most powerful such companies on their disclosed commitments and policies that affect users' freedom of expression and privacy. The methodology developed for this research study was based on the RDR/ CAI methodology. We are also grateful to EFF’s Katitza Rodriguez and Access Now’s Peter Micek, both of whom shared valuable insights and expertise into how our research might be transformed and contextualized for local campaigns.
    [Show full text]