Resolutions Passed at Ordinary General Meeting of Omani Qatari Telecommunications Company SAOG
Muscat 10, September 2014 –An Ordinary General Meeting OGM of the Omani Qatari Telecommunications Company SAOG, “Nawras”, was held at 3pm on Tuesday 9 September 2014 at the Capital Market Authority in Ruwi.
During the meeting, shareholders of the company approvedthe Board recommendation to enter into a Brand Licence Agreement with Ooredoo IP LLC, a related party. As a result, the company will change its brand from Nawras to Ooredoo, as one of the global operators using the Ooredoo brand.
Chairman, Sayyid Amjad Mohammed Al Busaidi, said, “This is an exciting time and a strategic step forward for our Company. With this rebrand, we will continue our commitment to continuing to provide the best value and offers to our customers as well as continuing to invest in the best available technology. The change reflects the global strength of the Ooredoo group and enables us to share the latest products and practices with our customers and reinforces our passion for supporting His Majesty’s Vision2020 for supporting growth and development of local businesses and youth within the Sultanate.”
The date for the rebrand will be announced in due course.
About 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. Nawraswas 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, Leading Telecommunications Company at the Arab Achievement Awards 2013 and Best Operator Network at the Telecoms World Middle East 2013 Awards.
Twitter: @nawrasoman
Facebook: www.facebook.com/nawras
Instagram: @nawrasoman
YouTube: www.youtube.com/nawras1500
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 Southeast 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, Myanmar and Indonesia. The company was named “Best Mobile Operator of the Year” at the World Communication Awards 2013.
The company reported revenues of US$9.3 billion in 2013 and had a consolidated global customer base of more than 95 million people as of 31 December 2013. Ooredoo’s shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.
Twitter: @Ooredoo
Facebook: www.facebook.com/ooredoogroup
LinkedIn: www.linkedin.com/company/ooredoo
YouTube:www.youtube.com/ooredoogroup
