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MarketScreener Homepage  >  Equities  >  MUSCAT SECURITIES MARKET  >  Omani Qatari Telecommunications Cmp SAOG    ORDS   OM0000003968

OMANI QATARI TELECOMMUNICATIONS CMP SAOG

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Omani Qatari Telecommunications Cmp SAOG : This year's Ooredoo Doha Marathon a runaway success

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01/11/2019 | 05:05pm EDT

Qatari World high jump champion Mutaz Barshim with a group of child runners who joined the Ooredoo Doha Marathon.

Doha

As many as 4,000 runners took their places Saturday at the start line of the Ooredoo Doha Marathon, which the telecom major described a phenomenal success. “Record entrants in all categories, and scores of Doha residents lining the streets to witness some incredible performances from the world’s top marathon professionals as well as local runners” were among the highlights, according to a statement. The event was attended by HE the Minister of Culture and Sports Salah bin Ghanem bin Nasser al-Ali, and Qatari World high jump champion Mutaz Barshim, along with a number of senior executives from Ooredoo. Runners who scooped top spot in the Men’s Open category and the Women’s Open category both received QR45,000, with winners and runners up in the other categories also receiving generous cash prizes. Thousands of spectators lined the streets of Doha to cheer on runners, both in the marathon categories and the shorter distances, and the finish line was packed with supporters. Event organisers laid on a wide variety of activities in MIA Park, ensuring plenty of fun was had by all. Speaking about the event, Ooredoo CEO Waleed al-Sayed, said: “We’re delighted to kick-start the year with the most successful edition of the Ooredoo Doha Marathon yet, hoping that runners, spectators and sponsors all enjoyed a great event. I’d like to congratulate the winners of each category, of course, but also all participants – in both marathon and the shorter distances - on their commitment to getting fit and joining in this worthwhile sporting event. I’d also like to thank our generous sponsors for their incredible support, without whom the event simply couldn’t happen.” The annual Ooredoo Doha Marathon, an event inaugurated in 2013, was designed to encourage Qatari citizens and residents to embrace an active lifestyle and has grown into a much-anticipated event for experienced marathon runners, fitness enthusiasts and novices alike. It is now one of the most popular events on Qatar’s sporting calendar, attracting the cream of the international marathon crop, and is an exciting opportunity for Qatar-based runners to compete against international marathon professionals. The marathon marks the start of a packed schedule of sporting events throughout the year, as Ooredoo continues to support Qatar’s drive to promote health and fitness amongst its citizens and residents. In line with Ooredoo’s corporate social responsibility strategy and its commitment to supporting the communities in which it operates, all funds generated from the Ooredoo Doha Marathon 2019 will go directly to charitable organisations.

(c) Gulf Times Newspaper 2019 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials (OMR)
Sales 2019 290 M
EBIT 2019 47,2 M
Net income 2019 38,5 M
Debt 2019 8,00 M
Yield 2019 9,43%
P/E ratio 2019 8,07
P/E ratio 2020 8,00
Capi. / Sales 2019 1,12x
Capi. / Sales 2020 1,08x
Capitalization 318 M
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 0,65  OMR
Spread / Average Target 34%
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NameTitle
Ian Charles Dench Chief Executive Officer
Amjad B. M. bin Ahmed Al-Busaidi Chairman
Abdul Razzaq Al-Balushi Chief Financial Officer
Ahmed Al Abri Chief Technology Officer
Saud bin Nasser Faleh Al-Thani Vice Chairman
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