Orange Jordan General Assembly approves cash dividend distribution of JD 41.25mln
The general assembly of Jordan Telecom Company - Orange Jordan approved the board of directors' recommendation to distribute cash dividends to shareholders amounting to JD 41.25 million, equivalent to 220 fils per share. This represents 99.5% of the company's net profits and 22% of its capital, which stands at JD 187.5 million. This took place during the company's thirty-first annual general assembly meeting, held on Wednesday, April 30th, 2025, via the AGM PRO platform for visual and audio communication.
The meeting was chaired by the Chairman of the Board of Directors of Jordan Telecom Company - Orange Jordan Raslan Deiranieh, in the presence of the board members, Orange Jordan's CEO Eng. Philippe Mansour, executive management, the Companies General Controller Dr. Wael Armouti, the auditor from Deloitte & Touche (Middle East) Jordan Shafiq Batshon, the board's Legal Advisor from Al Najdawi Office, in addition to 86.8 % of the company's shareholders.
The general assembly approved all items on the meeting's agenda, including the ones of the previous year's general assembly meeting, the board of directors' report, the auditors' report, and the company's consolidated financial statements for the fiscal year ending on December 31st, 2024.
According to the financial data disclosed in the company's financial statements as of the end of December 31st, 2024, the total revenue amounted to JD 361.3 million, while the customer base reached 4.5 million subscribers across all services. Capital expenses during 2024 amounted to JD 75.5 million, representing 20.9% of the company's total revenue. Most of these expenses were allocated to investments in the 5G network development projects and the expansion of the fiber network. It's worth noting that Orange Jordan has invested approximately JD 1.7 billion in network infrastructure since 2000.
These financial results and figures indicate financial stability and consistent performance, forming a basis for further expected growth in 2025, which marks the 25th anniversary of the Orange Group's partnership with the Jordanian government.
In his speech delivered during the general assembly meeting, Deiranieh emphasized that 2024 represents a remarkable milestone in Orange Jordan's journey thanks to the significant achievements, aligning with Orange's ambitious global strategy "Lead the Future." This contributed to positive results in all areas where the company operates. He commended Orange Jordan's efforts in investing in 5G and fiber networks to provide internet services with unprecedented speeds. Investments in fiber networks to serve customers across the Kingdom amounted to approximately JD 150 million, enabling the company to become the leading fiber service provider in the local market. Moreover, more than JD 160 million were allocated to the development and expansion of the 5G network to gradually reach all parts of the Kingdom.
From his side, the CEO of Orange Jordan, Eng. Philippe Mansour, affirmed that 2024 has been a pivotal year for the company. The financial growth was coupled with numerous strategic launches in the Jordanian market through which the company strengthened its interaction with its customers, partners, employees, environment, and society. He pointed out that the company's vision to be the true responsible digital leader of the Kingdom was translated with sustained investments aiming to provide the most innovative digital solutions namely fiber, 5G, satellite internet services, smart life solutions, and business solutions. These achievements are paving the way for Orange Jordan to lead the future and take the partnership with the Jordanian government to another level.
To learn more, visit our website: www.orange.jo.
About Orange Jordan
Orange Jordan, with over 1800 employees across nearly 300 shops and locations throughout Jordan, strives to provide the best customer experience through an integrated set of digital solutions including fixed lines, mobile lines, internet, data, and Smart Life Solutions to around 4.5 million customers in Jordan.
Orange Jordan is a subsidiary of Orange Global Group, which is present in 26 countries worldwide. In line with the Group's strategy 'Lead the Future' and through its positioning as a true responsible digital leader, Orange Jordan supports the national digital transformation vision. Orange Jordan prioritizes community service, and in this context, it implements a comprehensive CSR strategy that revolves around 4 pillars including digital education, digital inclusion, entrepreneurship, climate, and environment.
In addition to serving individual customers, Orange Jordan offers tailored solutions for businesses through its sub-brand, (Orange Business).
To learn more, please visit our website: www.orange.jo.
About Orange
Orange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and 127,000 employees worldwide at 31 December 2024, including 71,000 employees in France. The Group has a total customer base of 291 million customers worldwide at 31 December 2024, including 253 million mobile customers and 22 million fixed broadband customers. These figures account for the deconsolidation of certain activities in Spain following the creation of MASORANGE. The Group is present in 26 countries (including non-consolidated countries).
Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan "Lead the Future", built on a new business model and guided by responsibility and efficiency. "Lead the Future" capitalizes on network excellence to reinforce Orange's leadership in service quality.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
The National
3 days ago
- The National
PSG v Inter Milan: Luis Enrique's exciting young team eyes elusive Champions League crown
At almost every big step that Inter Milan and their head coach Simone Inzaghi have taken to the Uefa Champions League final, some reference has been made to how low-budget the Italian club feel compared to their opponents. Bayern Munich, Inzaghi reminded reporters when Inter, at the last-eight stage, removed from the German champions the chance of contesting the final in their home, the Allianz Arena, are far richer than his employers. So are Manchester City, he noted, Inter having begun their European campaign with a goalless draw against City back in September. And, of course, megabucks Paris Saint-Germain, whom Inter meet in Munich on Saturday can call on far greater resources than Inzaghi does. He is right about that. According to the last survey by Deloitte, respected auditors of football finance, Inter are indeed punching above their weight to have reached a second Champions League final within three seasons. They rank 14th in the 2025 Deloitte Money League, a study based on club revenues generated in 2023/24 – that's just behind neighbours AC Milan, the top-ranked Serie A club. Real Madrid, breaking the €1 billion mark for annual earnings, are top, City second, and PSG third, with revenues of over €800m, more than twice that of Inter. PSG's position in elite football's economic hierarchy, like City's, marks a rapid rise, and like City – remade by investment from Abu Dhabi in the period since 2008 – their ascent owes greatly to the impulse provided by backing from the Gulf. Since Qatar Sports Investments took a majority shareholding in what was then a financially fragile French club and set about elevating Paris into a major force on football's grand stage, they have turned into heavyweights. But unlike City, who beat Inter in the European Cup final in 2023, they have yet to mark that growth with the most desired of trophies. Should PSG achieve a maiden Champions League success in Munich, they will have completed a circle. Back in 2011, when their Qatari investors and strategists took control they looked above all to the city of Milan for guidance on championship calibre. They had Leonardo, the former Brazilian footballer and previously a head coach at both AC Milan and Inter, as their director of football. The first coach the new bosses appointed would be Carlo Ancelotti, then boasting a series of medals from AC Milan. They brought in two Thiagos to lend expertise to the playing squad. Thiago Silva, signed from Milan to command the defence and Thiago Motta, the midfielder recruited from Inter, would form the spine of the team for many years. Coaches have come and gone at quite a rate since Ancelotti, but in the PSG team that lines up against Inter on Saturday, you can still make out the past stripes of Inter and Milan. In goal will be Gianluigi Donnarumma, without whose excellence a tense last-16 tie against Liverpool may not have been resolved in PSG's favour. He joined four years ago from AC Milan. At right-back, although filling many roles outside of that narrow definition, will be the player who has assumed much of the leadership once given to PSG by their Thiagos – the outstanding Achraf Hakimi. Hakimi, whose career bestrides every one of the four Champions League finalists of this year and last - he started at Real Madrid, moved to Borussia Dortmund then to Inter – has left a huge imprint on the run to the final: eight goal-contributions, including goals in the quarter-final against Aston Villa and the semi against Arsenal, from his 16 Champions League appearances. Those are startling statistics for a full-back. Some of that attacking appetite can be attributed to the formative season Hakimi spent at Inter in 2020/21, thriving in a 3-4-3 formation. Inter then sold Hakimi to PSG, aged just 22, for a shade over €70m. That's a startling amount for a full-back. And it's one of the deals that has made PSG the club who, in the 13 years of their so-called 'Qatar era' have paid more than any other club into Inter's treasury in total transfer fees. Inzaghi may envy the Parisiens their wealth and backers in Doha, but Inter have also benefited greatly from PSG's activity in the marketplace. Hakimi has been a terrific buy. He was described this week by his former coach with the Morocco national team, Herve Renard, as 'the best right-back in the world'. If Inter's Denzel Dumfries, a worthy inheritor of Hakimi's wing-back role, might want to challenge that status, Hakimi's importance to the dynamic PSG style, and to the second decade of the 'Qatar era' can hardly be understated. When he and Donnarumma moved to Paris in the summer of 2021, they represented a long line of doing business with Serie A clubs but also an investment in youth. Both were in their early 20s but already worldly. The simultaneous arrivals at the club of Lionel Messi, then in his mid-30s and Sergio Ramos, even older, may have kept up an old PSG habit of bringing in superstar names, but the tide was turning. PSG are no longer so starry, but perhaps better for that. The squad who travel to Bavaria for Saturday's final will include no players of the cachet of Messi, or Neymar, or Zlatan Ibrahimovic or David Beckham, all of whom have drawn the limelight at the Parc des Princes during the Qatar era, and they are no longer the club of Kylian Mbappe, who left for Madrid last year – but they look closer than any previous version of PSG to achieving the Champions League dream. 'The star now is the team,' the club president Nasser Al Khelaifi says of a side that, post Mbappe, thrills to a trio of other young French forwards like Ousmane Dembele, Bradley Barcola and the prodigious teenager Desire Doue. It's a side that needs no ageing Sergio Ramos to give panache to the back line when the tireless Hakimi can do that with no apparent symptoms of fatigue. The current PSG may still scour Italian football with a bulging chequebook, but in Khvicha Kvaratskhelia, signed from Napoli for around €70m in January, they have a long-term investment. The Georgian winger, as watchable a dribbler as the €222m Neymar was at at his peak, is 24, the right fit for a PSG who registered the youngest line-up – average age 23 – of any team to have reached the knockout phase of this season's Champions League. Inter are designed in a different way. In their quarter-final tie against Bayern, Inzaghi fielded the oldest XI in this season's competition – a shade over 31. Among his achievements has been to extend the career spans of players acquired at low transfer fees because they were well into their 30s. Men like defender Francesco Acerbi and midfielder Henrikh Mhkitaryan are in their upper 30s now but still influential and valued for their gumption. 'We do not have the funds of clubs like Bayern, City or PSG,' said Inzaghi. 'But we can match all of those with our heart and organisation.' Luis Enrique, the PSG head coach, acknowledges that this final easily looks like a story of youth against experience. But he has built a PSG with momentum, drive and focus. 'We're a young team, yes,' says Luis Enrique, 'but we're also mature and we know how to resolve problems.'
Zawya
4 days ago
- Zawya
Orange Jordan announces updates to Saudi Passenger roaming bundles for Hajj Season
In line with its ongoing efforts to support Jordanian pilgrims during Hajj, Orange Jordan has announced an update to its roaming offers, including a range of exclusive discounts and flexible Saudi Passenger Roaming Bundles. These enhancements aim to ensure that pilgrims can stay in touch with their loved ones throughout their Hajj journey in the Kingdom of Saudi Arabia. The Saudi Passenger Roaming offer includes four different bundles, giving customers greater flexibility to choose the option that best suits their needs during their stay in Saudi Arabia, whether in terms of Validity, Internet, or Voice Minutes. As part of the new updates, the weekly bundle, which includes unlimited internet and 150 voice minutes, is now available at a 25% discount, priced at just 15 JOD instead of 20 JOD. Additionally, a new two-week bundle has been introduced, offering unlimited internet and 250 voice minutes for only 20 JOD, ensuring pilgrims stay seamlessly connected with their families during Hajj. Orange Jordan is the only local operator providing unlimited internet with 5G roaming on STC and Mobily networks in Saudi Arabia. With a range of roaming bundles designed for worry-free connectivity, customers can enjoy fast and reliable calls and internet. The offer runs from May 22 to June 11, 2025, covering the entire Hajj and Eid al-Adha period. Orange Jordan is always keen to offer its customers special roaming bundles for every season and occasion. Knowing how important the Hajj season is for travelers, we've updated the 'Saudi Passenger Roaming' bundles to be more flexible and varied. This way, we continue to design exclusive offers that truly meet our customers' needs and keep providing real value, making Orange their trusted and preferred choice. The roaming bundles are available to all Orange Jordan traveler to Saudi Arabia. A new bundle can be activated by dialing *777# or *966#, through Orange Max it and jood mobile Apps, or visit one of Orange's shops, and the call center. About Orange Jordan Orange Jordan, with over 1800 employees across nearly 300 shops and locations throughout Jordan, strives to provide the best customer experience through an integrated set of digital solutions including fixed lines, mobile lines, internet, data, and Smart Life Solutions to around 4.6 million customers in Jordan. Orange Jordan is a subsidiary of Orange Global Group, which is present in 26 countries worldwide. In line with the Group's strategy 'Lead the Future' and through its positioning as a true responsible digital leader, Orange Jordan supports the national digital transformation vision. Orange Jordan prioritizes community service, and in this context, it implements a comprehensive CSR strategy that revolves around 4 pillars including digital education, digital inclusion, entrepreneurship, climate, and environment. In addition to serving individual customers, Orange Jordan offers tailored solutions for businesses through its sub-brand, (Orange Business).
TECHx
7 days ago
- TECHx
Careem Pay Expands Remittance Service to Jordan
Home » Emerging technologies » Fintech » Careem Pay Expands Remittance Service to Jordan Careem Pay, the digital payments platform within the Careem app, has announced the expansion of its remittance service to Jordan. This new feature allows UAE residents to send money directly to bank accounts in Jordan. According to Careem, transfers are completed within 24 hours on average. The service supports direct bank transfers in Jordanian Dinars to any valid IBAN. This move comes as part of Careem Pay's wider effort to serve some of the world's largest remittance corridors, including India, Pakistan, the UK, Europe, the Philippines, Lebanon, and Egypt. Careem Pay reported that the UAE is home to a large Jordanian expat community. Annual remittances from the UAE to Jordan have exceeded USD 1 billion in recent years. Mohammad El Saadi, VP of Careem Pay, revealed, 'Sending money home is one of the most meaningful things our customers do with Careem Pay. For many Jordanian expats, it's about supporting loved ones, covering school fees, or helping parents with everyday expenses. We wanted to make that process simpler, faster, and more affordable.' The launch was timed ahead of Arafah Day and Eid Al Adha. Historically, international money transfers increase during these periods as customers support their families abroad. To mark the launch, Careem Pay introduced limited-time offers: First-time remittance users get zero fees on their first two transfers to Jordan. Repeat customers can send up to AED 25,000 per transaction, with a fixed AED 10 fee. Careem Plus members enjoy added benefits. These include zero fees on transfers above AED 1,500 and lower fees on smaller amounts. They also receive exclusive perks across Careem services, such as discounted rides and free delivery on food and groceries. To send money to Jordan or other supported countries, users can download the latest version of the Careem app and select 'Send Money' from the home screen.
