Latest news with #AndreasFrid
Arabian Post
4 days ago
- Business
- Arabian Post
Truecaller Crosses 100 Million Monthly Active Users in Middle East and Africa
STOCKHOLM, SWEDEN – NewsVoir – 8 August 2025 'With the Middle East and Africa experiencing significant growth in smartphone adoption and mobile data adoption, we're really happy that we're able to solve communication problems for individuals and businesses in that region. MEA, like India and many other markets, are mobile first markets with your mobile number being the primary identifier and Truecaller has always grown organically in such markets. We're continuing to strengthen our organization and our partnerships in the region, because we believe that the MEA is poised for significant growth for many years ahead' said Rishit Jhunjhunwala, CEO, Truecaller. Some of the largest markets in MEA for Truecaller are Egypt, Nigeria, South Africa, Kenya, Algeria, Ghana, and Jordan. Typically, Truecaller is used on 20-45% of connected smartphones in these markets. ADVERTISEMENT Hashtag: #Truecaller The issuer is solely responsible for the content of this announcement. About Truecaller Truecaller is an essential part of everyday communication for over 450 million active users, with more than a billion downloads since launch and close to 56 billion unwanted calls identified and blocked in 2024 alone. The company has been headquartered in Stockholm since 2009 and has been publicly listed on Nasdaq Stockholm since October 2021. Visit for more information For more information, please contact: Andreas Frid, Head of IR & Communication, +46 70 529 08 00,
Yahoo
4 days ago
- Business
- Yahoo
Truecaller, crosses 100M monthly active users in Middle East and Africa
STOCKHOLM, Aug. 8, 2025 /PRNewswire/ -- Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, reached a significant milestone in August as the number of monthly active users (Android and iOS) crossed 100 million in the MEA-region, representing a 19% growth y-o-y. "With the Middle East and Africa experiencing significant growth in smartphone adoption and mobile data adoption, we're really happy that we're able to solve communication problems for individuals and businesses in that region. MEA, like India and many other markets, are mobile first markets with your mobile number being the primary identifier, and Truecaller has always grown organically in such markets. We're continuing to strengthen our organization and our partnerships in the region, because we believe that the MEA is poised for significant growth for many years ahead," said Rishit Jhunjhunwala, CEO. Some of the largest markets in MEA for Truecaller are Egypt, Nigeria, South Africa, Kenya, Algeria, Ghana, and Jordan where Truecaller is used on 20-45% of connected smartphones in those markets. For more information, please contact:Andreas Frid, Head of IR & Communication+46 705 29 08 00 About Truecaller Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit This information was brought to you by Cision The following files are available for download: Press release 100 m users in MEA 250808 View original content: SOURCE Truecaller AB Sign in to access your portfolio
Yahoo
11-04-2025
- Business
- Yahoo
Truecaller's board propose dividend and cancellation of repurchased shares
STOCKHOLM, April 11, 2025 /PRNewswire/ -- The Board of Directors of Truecaller has resolved to propose a dividend of SEK 1.70 per share for the financial year 2024, a cancellation of more than 3.9 million repurchased shares, and that the Annual General Meeting authorizes the Board to repurchase up to 10 percent of the outstanding shares following the AGM. Given Truecaller's stable profitability, the Board decided in 2024 to introduce a dividend policy whereby 25 percent of the year's net profit shall be distributed to shareholders. For the financial year 2024, this corresponds to SEK 0.37 per share. In addition, the Board is proposing an extra dividend of SEK 1.33 per share. The Board considers that the company, even after such a distribution, will retain a financial strength well aligned with the company's expected future needs for stability and strategic flexibility. As of year-end, Truecaller's cash and investments in short-term interest funds amounted to approximately SEK 1,324 million. The total proposed dividend amounts to just over SEK 580 million. "The Board intends to continue returning capital to shareholders through both dividends and potential future share buybacks. In light of Truecaller's strong financial position, profitability, and cash flow, we are once again proposing a larger dividend to achieve a more capital-efficient financial structure. Our profitability and robust cash flows enable us to fund both continued growth and the distribution of profits to our shareholders through buybacks and dividends," says Nami Zarringhalam, Chairman of the Board at Truecaller. If the dividend proposal is approved by the AGM, Truecaller will have returned over SEK 2.2 billion to shareholders through buybacks and dividends since its IPO in 2021, as shown in the table below. SEK millions Dividend Share buybacks Total 2022182 182 2023660 660 2024 590 242 832 2025 580* 0** 580 Total 1.170* 1.084** 2.254 * Refers to proposed dividend** Refers to amount as of the date of this press release The full notice and other proposals for the Annual General Meeting on May 23 will be published through another pressrelease and will be available on Truecaller's website. For more information, please contact: Andreas Frid, Head of IR & Communication+46 705 29 08 00 About Truecaller: Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit This information was brought to you by Cision The following files are available for download: Dividend eng 250411 View original content: SOURCE Truecaller AB Sign in to access your portfolio
