
Ooredoo Kuwait Group reported a strong 6% growth in revenue to reach KWD 367 million in H1 2025
In H1 2025, Ooredoo Maldives' customer base increased by 4% to 418 thousand customers. Revenue for H1 2025 was KWD 22 million, while EBITDA stood at KWD 12 million.
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Al Bawaba
8 hours ago
- Al Bawaba
Gulf Insurance Group announces Net profit of KD 12.6 million (US$ 41.1 million) for the first half of 2025
Gulf Insurance Group (GIG) announced that it achieved a net insurance result of KD 15.6 million (US$ 51.2 million) for the first half of 2025, compared to KD 16.6 million (US$ 54.4 million) for the same period last year. Net investment income reached KD 28.2 million (US$ 92.4 million) for the first half of 2025, compared to KD 31.6 million (US$ 103.2 million) recorded for the same period last profit stood at KD 12.6 million (US$ 41.1 million) for the first half of 2025, equivalent to earnings per share of 38.68 fils (US$ 0.127) compared to a net profit of KD 16.8 million (US$ 54.9 million) or 59.03 fils per share (USD 0.193) for the same period last year. Insurance revenue reached KD 359.6 million (US$ 1.2 billion) compared to KD 449.2 million (US$ 1.5 billion) recorded for the same period last book value per share reached 864 fils as of June 30, 2025, compared to 852 fils as of December 31, 2024, an increase of 1.4%.Equity attributable to the shareholders of the parent company amounted to KD 245.9 million (US$ 804.4 million) as of June 30, 2025, an increase of 1.4% compared to the equity attributable to the shareholders of the parent company as of December 31, 2024, which amounted to KWD 242.6 million (USD 793.3 million).Total assets reached KD 1.26 billion (US$ 4.12 billion) as of June 30, 2025, compared to KD 1.24 billion (US$ 4.05 billion) as of December 31, 2024, an increase of KD 23.4 million (US$ 77 million), representing a 1.9% it continues to strengthen its international footprint and capabilities, GIG remains one of the largest and most diversified insurance groups in the MENA region where it focuses on shaping a valuable insurance ecosystem. The Group extended its gratitude to its customers, shareholders, namely FAIRFAX, and board members for their continued trust in the Group's strategy, further thanking employees for their dedication and efforts and all the concerned authorities in the State of Kuwait for their continuous cooperation to develop the Kuwaiti insurance sector.


Al Bawaba
9 hours ago
- Al Bawaba
Ooredoo Launches Salalah Data Centre to Strengthen Oman's Role as a Regional Digital Hub
Ooredoo has announced the launch of the Salalah Data centre and Submarine Cable Landing Station, a landmark project set to position Oman as one of the region's most important digital hubs. Strategically located in the Dhofar region, Salalah is emerging as a critical node for international connectivity, linking Asia, Europe, and Africa through its proximity to multiple global subsea cable new facility is the first of its kind in southern Oman to combine class 3 compliance data centre with a submarine cable landing station. Built to support the next generation of cloud, AI and edge computing services, the facility starts with space to house 125 full server racks and will grow to 500 in phases, setting a new benchmark for digital infrastructure in the country.'The Salalah Data Centre and Landing Station is a catalyst for Oman's digital future,' said Saed Al Ghafri, Director of Infrastructure at Ooredoo. 'It reinforces our role in driving economic diversification, attracting global digital investment and enabling the next wave of cloud and AI innovation. By creating a southern gateway for international connectivity, we are strengthening Oman's position as a regional leader in the digital economy and unlocking long-term value for businesses, communities and the wider region.'By creating a secure southern gateway for international cables, the project adds vital network resilience, reduces latency and opens up faster, more reliable connections. It is expected to attract global operators, hyperscalers and cloud providers to Oman, boosting the local economy and creating new job facility's advanced design supports everything from enterprise IT hosting to cutting-edge digital services, giving businesses and governments across the region access to faster, more secure and locally hosted cloud and content Salalah hub will also strengthen Ooredoo's wider regional network. Other Ooredoo operating companies can use the facility to land traffic, host cloud services and share digital infrastructure, creating synergies across the group and expanding its global digital footprint. With its integrated design, future-ready technology and strategic location, the Salalah Data Centre and Submarine Cable Landing Station represents a major step towards achieving Oman Vision 2040 and reinforces Ooredoo's commitment to driving innovation, resilience and customer-focused digital services across the Sultanate.


Al Bawaba
11 hours ago
- Al Bawaba
Warba Bank Announces Strategic Partnership with Zayoom to Elevate its Digital Marketplace Experience
Warba Bank today announced a strategic partnership with Zayoom, a specialized consumer electronics store, aimed at enriching the bank's digital offers marketplace with exclusive benefits, including special discounts, limited seasonal deals and Marketplace e-store offers. This collaboration enhances the value offered to the bank's customers and aligns with their on the announcement, Muhannad Issa Bourahma, Director of Product Development and Customer Segments at Warba Bank, said: "This partnership comes as part of our ongoing commitment to delivering the best digital experience for our customers, in line with our vision to create unique value both within and beyond banking services. Through the Warba app, we empower our customers to access the latest offers and modern products directly via the dynamic and ever-evolving Marketplace section. This collaboration reflects our spirit of innovation and our constant drive to keep pace with their modern lifestyles and enrich their daily experiences."The partnership gives Warba Bank a genuine opportunity to expand its engagement with customers, leveraging the app's advanced architecture that personalizes content for each banking segment. Each segment has its own unique design, colors and character within the app, enabling the delivery of offers tailored to their needs and interests, moving away from the 'one-size-fits-all' concept. The Marketplace is also distinguished by its flexibility and dynamism, with constantly updated offers, including rapid seasonal Flash Deals at unbeatable prices, transforming the app into a comprehensive digital destination full of part of this partnership, Zayoom is launching an exclusive, limited-time summer travel season offer: the Essential Tech Pack, a bundle containing all the smart devices customers need while traveling, offered at an exceptional price. This package represents a true Flash Deal and an opportunity not to be his side, Mohamed Fawzy, Chief Executive Officer of Zayoom, said: "We are proud of this partnership with Warba Bank, a bank that entered the market recently yet has succeeded in reshaping the banking sector through the adoption of the latest technologies and its dedication to delivering the highest level of service. Warba is renowned for its advanced app, which has redefined banking interaction and provided customers with a fully integrated, seamless digital experience. We see this partnership as a strategic opportunity that opens new horizons for us, allowing us to reach a broad segment of customers interested in technology and smart products. We believe it is a strong step toward realizing our vision of delivering the best tech solutions in Kuwait."This collaboration embodies Warba Bank's core values of trust, innovation, performance, collaboration, and ambition, and reaffirms its commitment to supporting the digital economy ecosystem while promoting a culture of smart utilization of tech offers. With this strong start alongside Zayoom, Warba Bank promises its customers more surprises and upcoming partnerships that will enhance their lifestyles and broaden their choices, ensuring Warba remains the preferred choice for ambitious individuals and businesses in Kuwait.