Ali Kashoob

We have reported yet another set of outstanding results!    Q1 2024 demonstrated our capacity for growth and innovation as we continue to deliver lasting value for our stakeholders through operational efficiencies and key strategic initiatives.  Some of our operational highlights in the Middle East include:    • 𝐎𝐨𝐫𝐞𝐝𝐨𝐨 𝐐𝐚𝐭𝐚𝐫 improved its EBITDA margin YoY to 52% due to an improvement in the service gross margin. The company continued to expand its customer base, which increased to 3.1 million. • 𝐎𝐨𝐫𝐞𝐝𝐨𝐨 𝐊𝐮𝐰𝐚𝐢𝐭’𝐬 revenue increased by 7% year-on-year to QAR 760 million underpinned by higher service revenue driven by the growth in voice and data. Ooredoo Kuwait grew its customer base by 3% year-on-year to reach 2.9 million.  • 𝐎𝐨𝐫𝐞𝐝𝐨𝐨 𝐎𝐦𝐚𝐧, in a highly competitive landscape, maintained a healthy EBITDA margin and grew its customer base by 2% to close Q1 2024 with 3.1 million customers. • 𝐀𝐬𝐢𝐚𝐜𝐞𝐥𝐥 – Iraq had a strong start to the year, driving a revenue increase of 29% year-on-year to QAR 1,209 million. The robust topline result led to an EBITDA increase of 33% year-on-year to QAR 561 million and a 1pp expansion of the EBITDA margin to 46%. Asiacell’s performance was supported by the 6% year-on-year growth in its customer base to 18 million, benefitting from the favourable market dynamics. • 𝐎𝐨𝐫𝐞𝐝𝐨𝐨 𝐏𝐚𝐥𝐞𝐬𝐭𝐢𝐧𝐞’𝐬 operational performance continued to be impacted by the challenging operating environment. EBITDA margin for Q1 2024 was at 38%. The customer base increased by 3% year-on-year to 1.5 million.    Our relentless dedication to innovation, strategic execution, and customer-centricity has propelled us to surpass expectations and achieve remarkable growth across our operating companies, even in less than favourable market conditions.    Kudos to our team for their continued hard work!    #UpgradeYourWorld #Ooredoo #growth

٢٤٦

١٥ تعليق

Exciting News: Introducing International Business Holding, emerging proudly from the esteemed legacy of J Chambers Capital. As our new flagship entity, IBH will lead as the management company , fostering growth and innovation across our diverse group of companies. Stay tuned for the next chapter in our journey of global impact and success! #InternationalBusinessHolding #JChambersCapital #BusinessGrowth #CorporateExpansion #Leadership #GlobalBusiness #Innovation #BusinessTransformation #NewBeginnings #HoldingCompany #BusinessLeadership

٢٣

١ تعليق واحد

I agree, businesses in 2024 need to integrate their efforts in sales, marketing, and business development to ensure survival and growth. Saudi Arabia’s Ministry of Commerce has set up a strategic roadmap for its chambers of commerce in 2024. The directive emphasizes that entities must strategically invest in high-potential sectors and capitalize on regional diversification opportunities. Source file: https://lnkd.in/duvAZtJY 2024 will likely remain unchanged with a high demanding economic, geopolitical and technological landscape. Planning ahead is crucial to be prepared for 2024, leading businesses will need to think ahead, remain agile, and ensure a balanced approach to growth. As the year unfolds, businesses will need to remain agile, continuously evaluating and adjusting their strategies to navigate a challenging and ever-changing environment, from aligning your sales and marketing resource and strategy, exploiting the value of existing assets, to prioritising employee wellbeing. 1) Strategic adaptability: In 2024, businesses need flexibility and continuous evaluation to adapt to a dynamic environment. Contingency plans and diversification are crucial to navigating challenges. 2) Sales and marketing alignment: Streamline processes by aligning sales and marketing strategies. Clear handoff points, lead definitions, and automation tools enhance efficiency and collaboration. 3) Wise investments: Invest in growth wisely. Regularly evaluate the ROI of marketing campaigns and sales initiatives. Allocate resources based on data and analytics to optimize budget and maximize growth potential. 4) Utilize existing assets: Leverage existing data, content, and systems for growth. Analyze customer data, engage inactive contacts, repurpose content, and optimize systems like CRM for better results. 5) Employee wellbeing: Prioritize employee wellbeing for a motivated and productive workforce. Implement mental and emotional health initiatives, flexible work arrangements, stress management, and career development. Driving business growth in 2024 requires strategic planning, adaptability, efficient processes, wise investments, asset utilization, and employee prioritization. By implementing these strategies, companies can position themselves for success in a competitive and ever-changing marketplace. Stay agile, aligned, and committed for a successful 2024. Source file1: https://lnkd.in/d-NMsxw8 Source file 2:https://lnkd.in/dVDnHPVK #businessgrowth2024 #strategicadaptability #salesmarketingalignment #wiseinvestments #utilizeexistingassets #employeewellbeing #agilebusiness #2024success #efficiencymatters #adaptandthrive #ksavision2030

١

Quarterly briefings and discussions with regional multinationals are essential for staying informed about the latest macroeconomic and geopolitical impacts on MEA and South Asian countries. Keeping up-to-date with these shifts is crucial for strategic decision-making and navigating the complexities of the global market. EMEA business group always do an amazing briefing for all the members. #QuarterlyBriefings #GlobalEconomy #Geopolitics #MEA #SouthAsia

٢٦

١ تعليق واحد

Join me at M360 MENA 2024 to explore how digital partnerships are transforming industries across the MENA region. Let’s drive innovation, collaboration, and growth in the digital economy. See you in Doha! #M360

١٨٩

٨ تعليق

talabat, the leading on-demand delivery platform in the Middle East and North Africa, has priced its initial public offering (IPO) at the top of its price range, raising $2.04 billion. The company increased its offering size from 15% to 20% of its total share capital to accommodate substantial investor demand, it announced last week. The final offer price was set at AED 1.60 per share, implying a market cap of $10.16 billion at listing. The IPO saw significant interest from international, regional, and local investors, resulting in a double-digit oversubscription level. This marks the largest global technology IPO in 2024 and the largest IPO in the Middle East & North Africa this year. It is also among the top ten global IPOs this year. Delivery Hero, the parent company, will retain an 80% majority stake in Talabat post-listing. The German firm currently has a market cap of $12.2 billion. #IPO #listing #MENA #GCC #investment #investing #fund #publicoffering #technology #Dubai

١٩

Nice and complete edition to better understand financial services evolution du Pay

٢٢

١ تعليق واحد

Saudi Arabia: The New Regional Headquarters for Pladis’ Expansion in the MENAI Region UK-based snacking giant Pladis Global, the manufacturer behind iconic brands such as McVitie’s, Godiva Chocolatier, Jacob’s, and Carr’s, has opened a new regional headquarters in Jeddah, Saudi Arabia. This new hub will serve as the main office for its operations covering the Middle East, North Africa, and India (MENAI) region, marking a significant milestone in its strategic expansion. Chairman Murat Ülker officially inaugurated the new headquarters, underscoring the company’s commitment to its growth in the region. The Managing Director for the MENAI region at Pladis emphasized the importance of this move, stating: “The opening of our new headquarters in Jeddah is a pivotal step in our journey towards strengthening our presence in the region. This office embodies our commitment to investing in our people and business, providing a modern, collaborative space to drive innovation and growth across our operations. As we expand, this new office will serve as the cornerstone of our regional strategy, enabling us to serve our customers and communities better.” Pladis, owned by the Turkish conglomerate Yıldız Holding, produces a wide range of sweet and savory biscuits, cakes, wafers, and chocolates, including the famous Jaffa Cakes. The company employs a global workforce across multiple countries, reflecting its international reach and commitment to delivering high-quality products. The integration of Belgian chocolatier Godiva into Pladis, initiated in 2023, is expected to be completed in 2024, further enhancing the company's portfolio. Saudi Arabia’s business environment continues to attract foreign investors. According to the Saudi Ministry of Investment, the Kingdom’s economic reforms and strategic location as a global hub have made it a prime destination for international companies like Pladis to establish a regional presence. This growth aligns with Saudi Arabia’s Vision 2030, which aims to diversify the economy and enhance the business landscape. #Pladis #SaudiArabia #MiddleEast #NorthAfrica #India #BusinessExpansion #Jeddah #Innovation #GlobalBusiness #YildizHolding #Godiva #ForeignInvestment #MENAI #Vision2030

٥٣٧

٢٦ تعليق

MEA presidents quarterly meeting held by the EMEA business group. Important updates on macro and geo-political situations in the region. Senior executives across the region discussing management of the various opportunities and risks in the MEA and South Asian markets.

٣٠

Saudi Arabia is leveraging artificial intelligence (AI) to revolutionize its tourism industry as part of its Vision 2030 plan. 🛫 To attract 150 million tourists annually by 2030, the Kingdom is using AI to enhance visitor experiences, streamline travel planning, and offer personalized journeys. AI is being deployed at mega projects like NEOM, UNESCO World Heritage sites such as AlUla and Diriyah, and in the MICE industry to optimize capacity planning and improve guest experiences. The country is also investing in upskilling local talent in AI and developing culturally sensitive AI solutions. Challenges such as security and privacy standards and infrastructure development are being addressed to ensure effective AI implementation. With ongoing advancements, Saudi Arabia is poised to become a global leader in tourism and business travel. 💼 How do you think AI will continue to shape the future of tourism? Let me know in the comments! #SaudiTourism #AIinTravel #TourismInnovation #GlobalCompetitivenes #5G #AIinTravel #ArtificialIntelligence #Leadership #InternetOfThings #Innovation #GlobalCompetitivenes #PersonalDevelopment #Sustainability #Technology #TourismInnovation

٦

Improving employees experience is key in driving performance and productivity.. AI opens more doors on how you simplify this activity and achieve goals faster.. Happy Employee always implies better services to customers..

٢٩

١ تعليق واحد

I attended a discussion with Henadi AlSaleh Chairperson of Agility and @Amit Midha, CEO of ALAT, as they met with @Richard Quest, Journalist & Anchor at CNN, to explore the theme "where are the new global supply chains" during the King Abdulaziz International Conference Centre in Riyadh, FII8. Geoeconomic factors are driving the creation of new supply chain networks around the world. Despite a 3% drop in the value of world trade in 2023, the outlook for 2024 is positive, according to UNCTAD. Will these new supply chains create a more diverse and resilient global trading network, or will they exacerbate regional tensions and vulnerabilities in an increasingly uncertain climate? 🎥For the full panel, watch: https://lnkd.in/dZc9yTZt

٤٤٠

٨ تعليق

Let’s connect to discuss innovative solutions & trends , adopted by Enterprises around CPaaS space !!

١٧

It was a pleasure for me to attend the first day of the Supply Chain Finance and Digital Transformation Summit in the Kingdom of Saudi Arabia, where we listened to an elite group of experts as CEOs and heads of many sectors (finance, supply chains, procurement) speaking on a number of the following topics: - Economic Overview of Saudi Arabia and the GCC. - Navigating Saudi Arabia’s Economic Landscape: Insights into Economic Trends and Outlook. - Digital Trade KSA: Where are we? - Impact of Geopolitical Factors on Supply Chain Finance in Saudi Arabia. - Streamline, Strategize, Succeed: Unlocking Efficiency Through Inventory Optimization. - The Role of Finance in Driving Supply Chain Innovation. - Shaping the future: The visionary leadership edge in supply chain optimization. excited to attend the second day of the summit by tomorrow. #kingdomsupplychain

٦

١ تعليق واحد

For entrepreneurs interested to expand to Saudi Arabia

١٩

**Digital Transformation in Saudi Arabia: The Role of Vision 2030 in Shaping a Technological Future** Saudi Arabia is undergoing a remarkable digital transformation, and at the heart of this change is Vision 2030. This ambitious initiative is not just a roadmap for economic diversification but also a blueprint for a tech-driven future. **Smart Cities**: The Kingdom is making significant strides in developing smart cities. NEOM, a $500 billion project, is set to become a model for urban sustainability and digital innovation, featuring advanced infrastructure, AI integration, and IoT technologies. **Fintech Revolution**: The fintech sector in Saudi Arabia is booming. With regulatory support and investment, digital banking, blockchain technology, and online payment solutions are transforming the financial landscape, making transactions more efficient and secure. **Digital Healthcare**: Vision 2030 is also revolutionizing healthcare. The integration of telemedicine, AI diagnostics, and digital health records is improving patient care and accessibility, especially in remote areas. **E-Governance**: The Saudi government is embracing digital transformation to enhance public services. E-governance platforms are streamlining administrative processes, improving transparency, and making government services more accessible to citizens and businesses. The journey is not without challenges. Issues such as cybersecurity, digital literacy, and infrastructure development need continuous attention. However, the opportunities are vast, promising a future where technology drives progress and innovation. As we look ahead, Saudi Arabia's commitment to digital transformation under Vision 2030 is poised to create a thriving, tech-savvy society that sets a global example. The future is digital, and Saudi Arabia is leading the way. #DigitalTransformation #Vision2030 #SaudiArabia #SmartCities #Fintech #EGovernance #HealthcareInnovation #TechRevolution

٤

Navigating Challenges: Consulting Firms and the Government Sector in the Middle East The Middle East offers unique opportunities and challenges for consulting firms working with government and public sector clients. Known for dynamic economies and ambitious visions such as Saudi Arabia’s Vision 2030 and the UAE’s Vision 2021, the region is a fertile ground for consultancies but comes with its own complexities. 1.Government structures in the Middle East often have layers of bureaucracy, significantly slowing down decision-making. Consulting firms must navigate these complexities to implement their strategies effectively, understanding the need for multiple approvals and hierarchical decision-making processes. 2.Despite being home to some of the world's richest nations, the Middle East experiences political and economic volatility. Consulting firms must be adept at scenario planning and risk management to address these uncertainties. 3.Understanding and respecting cultural nuances is crucial. Business practices and negotiation styles vary. Firms must invest in local expertise and cultural training to build trust and establish effective relationships with government officials and stakeholders. 4.Middle Eastern governments often have high expectations for transformative results driven by their national visions. Consulting firms are required to stay at the forefront of industry trends and leverage cutting-edge technologies. 5.Adherence to local laws and regulations is essential. Consulting firms must ensure compliance with legal requirements and ensure transparency in dealings. 6.Attracting and retaining top talent is a pronounced challenge in the Middle East. The demand for skilled professionals who understand the local context is high. Consulting firms must offer competitive packages and career development opportunities to attract and retain the best talent. 7.Middle Eastern governments are increasingly focused on digital transformation. Consulting firms need robust capabilities in digital consulting to offer innovative solutions that integrate with existing government infrastructure, including expertise in cybersecurity, data analytics, and smart city technologies. Strategies for Success: Build a strong local presence and understand regional dynamics. Network and maintain relationships with key government stakeholders. Develop flexible strategies to adapt to changing conditions. Stay ahead by offering innovative digital solutions. Offer competitive compensation and continuous learning opportunities. Maintain rigorous standards to build trust and credibility. While challenging, the Middle East offers significant opportunities for consulting firms that can navigate its complexities effectively. By understanding and addressing these challenges, firms can help Middle Eastern governments achieve their ambitious goals and drive regional development.

١١

++ Yahsat ranks high among Middle East’s Top 10 Most Sustainable Companies ++ Yahsat, the UAE’s flagship satellite solutions provider announces that it has been ranked in the top ten most sustainable companies in the Middle East, according to the S&P Global ESG Scores. Yahsat has sealed the 6th and 3rd positions in the Middle East and the UAE rankings respectively. Yahsat is dedicated to integrating and promoting sustainability ESG principles across all its business operations and value chain, creating a positive impact on society and the environment. The company developed its Sustainability Framework in 2022, which aligns with national, regional, and global sustainability priorities, alongside its business growth strategy. “We are delighted and proud to be ranked in the top ten most sustainable companies in the Middle East by S&P Global. Sustainability has been deeply rooted within Yahsat through its momentous journey, yet this reputable ranking is a clear testament to the notable achievement of developing a robust sustainability framework and policies since going public in 2021. Our constant commitment to embracing international standards is beneficial for the environment, the communities we serve, and in making us a more efficient and productive organization.”   Ali Al Hashemi, Group Chief Executive Officer of Yahsat #techafricanews #middleeast #sustainability #green #sustainabilityframework #satelliteoperators #satellite

١٣

١ تعليق واحد

This report, based on surveys, offers an insightful analysis of generative AI (GenAI) and its adoption across various modalities. It provides a comprehensive understanding of how GenAI is adding value to organizational processes, driving commercial growth in the GCC countries. Additionally, the report highlights key areas that need attention for the progressive adoption of GenAI. Overall, it's an excellent read for those interested in the future of AI.

١٣