+ A
A -
Tribune News Network
Doha
Vodafone Qatar received its shareholders approval for a dividend distribution of 5 percent of the nominal share value or QR0.05 per share at its Ordinary General Assembly meeting held in Doha on Monday.
Chaired by the Abdulla bin Nasser al Misnad, the meeting covered the Board of Director’s report detailing the company’s activities and its financial position for the financial year ended December 31, 2019.
The shareholders reviewed and endorsed the external auditor’s report on the company’s accounts for 2019 and the external auditor’s reports on the company’s corporate governance and internal control over financial reporting. It was also approved unanimously that Deloitte & Touche be reappointed the company’s auditors for the financial year 2020, in addition to approving their fees.
The shareholders also approved the financial statements of the company and the corporate governance report for 2019. Moreover, there was unanimous agreement to discharge the members of the board from all liabilities and approve their remuneration.
Addressing the shareholders, Chairman Misnad said, “Vodafone Qatar is aware of the rapid pace of innovation and digital transformation taking shape around us and we at Vodafone Qatar are confident that our winning strategy to pioneer digital innovation will sustain our profitable growth.
“For this, we are investing heavily in both our wireless and fixed infrastructure, most notably our expanding 5G network. In addition to leading the roll-out of 5G, we have been the first to make 5G commercially available with a wide range of plans and exclusive 5G products. On top of this, we are bringing other innovative digital services and products to the market including the latest in home and business solutions.”
Despite the challenges being faced by the sector as a whole, Vodafone Qatar demonstrated sustainable growth in 2019, with a 22 percent growth in net profit to QR144 million, he said.
The company also delivered a 1 percent increase year-on-year in total revenue to QR2.125 billion and 2.4 percent growth in service revenue to QR1.9 billion, he added.
“In 2020, we will continue to execute against our clear strategy with a large focus on capitalizing on the enormous opportunity that 5G technology provides. We will also continue to drive efficiencies that allow us to deliver strong operational results and shareholder value. We are excited by our plans for this year; both consumers and businesses can expect continued leadership in innovation from us in technology, products and services.”
Doha
Vodafone Qatar received its shareholders approval for a dividend distribution of 5 percent of the nominal share value or QR0.05 per share at its Ordinary General Assembly meeting held in Doha on Monday.
Chaired by the Abdulla bin Nasser al Misnad, the meeting covered the Board of Director’s report detailing the company’s activities and its financial position for the financial year ended December 31, 2019.
The shareholders reviewed and endorsed the external auditor’s report on the company’s accounts for 2019 and the external auditor’s reports on the company’s corporate governance and internal control over financial reporting. It was also approved unanimously that Deloitte & Touche be reappointed the company’s auditors for the financial year 2020, in addition to approving their fees.
The shareholders also approved the financial statements of the company and the corporate governance report for 2019. Moreover, there was unanimous agreement to discharge the members of the board from all liabilities and approve their remuneration.
Addressing the shareholders, Chairman Misnad said, “Vodafone Qatar is aware of the rapid pace of innovation and digital transformation taking shape around us and we at Vodafone Qatar are confident that our winning strategy to pioneer digital innovation will sustain our profitable growth.
“For this, we are investing heavily in both our wireless and fixed infrastructure, most notably our expanding 5G network. In addition to leading the roll-out of 5G, we have been the first to make 5G commercially available with a wide range of plans and exclusive 5G products. On top of this, we are bringing other innovative digital services and products to the market including the latest in home and business solutions.”
Despite the challenges being faced by the sector as a whole, Vodafone Qatar demonstrated sustainable growth in 2019, with a 22 percent growth in net profit to QR144 million, he said.
The company also delivered a 1 percent increase year-on-year in total revenue to QR2.125 billion and 2.4 percent growth in service revenue to QR1.9 billion, he added.
“In 2020, we will continue to execute against our clear strategy with a large focus on capitalizing on the enormous opportunity that 5G technology provides. We will also continue to drive efficiencies that allow us to deliver strong operational results and shareholder value. We are excited by our plans for this year; both consumers and businesses can expect continued leadership in innovation from us in technology, products and services.”
