11 May 2015 12:12
Ooredoo Announces Date to Pay Profits to Sukuk holders
11 May 2015
Ooredoo Q.S.C. announces that Ooredoo Tamweel Limited (OTL), its wholly owned subsidiary, pursuant to the Terms and Conditions of the Notes and the Final Terms, will pay its Sukuk holders' periodic payment on 03 June 2015.
Below is the announcement in full:
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U.S. $1,250,000,000 @ 3.039% per cent. Guaranteed Notes due 3 Dec 2018
(ISIN - XS0999501538)
(the "Notes")
Issued by Ooredoo Tamweel Limited (the "Issuer")
The Issuer a wholly owned subsidiary of Ooredoo Q.S.C hereby gives notice that pursuant to the Terms and Conditions of the Notes and the Final Terms, it will pay Noteholders U.S. $18,993,750.00on the Periodic Payment Date falling due on 3 June 2015.
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Terms defined in this Notice shall have the meaning given to them in the Terms and Conditions of the Notes and the Final Terms.
This Notice is given by Ooredoo Tamweel Limited.
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About Ooredoo
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people's lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named "Best Mobile Operator of the Year" at the World Communication Awards 2013.
The company reported revenues of US$ 9.1 billion in 2014 and had a consolidated global customer base of more than 107 million people as of 31 December 2014. Ooredoo's shares are listed on the Qatar Exchange and the Abu Dhabi Securities Exchange.