- Vodafone Qatar approved a 12% cash dividend, reinforcing its strong financial health and shareholder confidence.
- The company’s net profit grew by 11.2%, with total revenue reaching QR 3.2 billion in 2024.
- Vodafone Qatar achieved significant digital innovations, including the world’s first Instant SIM and a breakthrough 5.5G network trial.
Doha, Qatar – Vodafone Qatar has announced impressive financial results for 2024, approving a 12% cash dividend per share at its Ordinary General Assembly Meeting. The meeting, chaired by Vice-Chairman Akbar Al Baker, saw unanimous approval of key resolutions, reflecting the company’s robust growth and strong financial performance.
Dividend Approval and Financial Performance
Vodafone Qatar’s Board of Directors proposed a cash dividend of QR 0.12 per share, which was endorsed by shareholders. The company reported a net profit of QR 601 million, marking an 11.2% increase compared to the previous year.
Total revenue rose by 2.5% year-on-year, reaching QR 3.2 billion, driven by service revenue growth of 2.5% to QR 2.8 billion. The financial strength underscores the company’s strategic initiatives and continued focus on enhancing customer experience.
Key Business Developments
During the assembly, shareholders reviewed and approved the external auditor’s report on Vodafone Qatar’s financial statements, corporate governance, and internal controls. The assembly also reappointed KPMG as the company’s external auditor for the 2025 financial year.
Vodafone Qatar continues to lead digital innovation in the region. The company launched Instant SIM, the world’s first of its kind, and conducted a breakthrough trial on 5.5G high-band technology, achieving speeds beyond 10Gbps. These advancements position Vodafone Qatar as a leader in next-generation telecommunications.
Future Outlook
Addressing shareholders, Akbar Al Baker highlighted the company’s commitment to customer-centric growth. “Vodafone Qatar is dedicated to driving digital transformation and ensuring an enhanced customer experience,” he stated. The company remains focused on expanding its 5G infrastructure and introducing innovative solutions in the Qatari market.
With strong financials and continued investment in cutting-edge technology, Vodafone Qatar is poised for sustained growth in the coming years.
