Forbes magazine recently ranked Ooredoo Group 25th in their listing of leading 100 enterprises in the Middle East region.
Targeting an audience of business leaders and influencers, Forbes promises ‘Global 2000 Highlights’, by taking readers ‘Inside the Numbers of the World’s Largest Public Companies’. From this perspective, the magazine also profiles Ooredoo at the end of March 2020 as one of the top three regional telecommunications operators, with sales worth $8.2 billion and profits of $611 million.
“This latest accolade reflects our phenomenal growth and vision. We have taken giant leaps since the company was founded as the Qatar National Telecom Service in 1949, with one Doha telephone exchange and a capacity of just 50 lines — as Forbes correctly deduces from its thorough overview of the region," Sheikh Saud Bin Nasser Al Thani, Ooredoo Group CEO said in a statement.
Forbes’ commentary is framed by the economic uncertainty which has accompanied the COVID-19 pandemic. Despite these difficult conditions — to which Ooredoo has developed a robust response — the Group has retained assets worth $24.2 billion and an overall market value of $5.2 billion.
Forbes also notes that the group employs over 16,000 people, and has football’s Leo Messi as a global brand ambassador. According to Sheikh Saud Bin Nasser Al Thani, such colleagues “exemplify Ooredoo Group’s vision and values— expressed in a genuine commitment to our company's goals”.
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