Sudan Telecommunications Co. - SDTL

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Corporate Announcements

20% cash dividend distributed for the year 2007. - 25/05/2008
25% bonus shares (25 shares per 100 shares) distributed for the year 2007. - 25/05/2008
Net profit announced for the 1st Qtr of the year 2008, USD 56.5 million, an increase of 8.3%. - 01/05/2008
Change in the company name approved from Sudan Telecommunications Co. Ltd to Sudatel Telecommunications Group Ltd. - 24/04/2008
Net profit announced for the Year 2007, USD 242.6 million, a decrease of 70%. - 20/02/2008

Telecommunication Services - News

(Gulf News - 27/02/2015)

Etisalat, or Emirates Telecommunications Corporation, said on Thursday it posted strong results in 2014 driven by strong performance of domestic operations and the consolidation of Maroc Telecom operations. The company stated that it posted net profits ...

DIFC to have new rules on wealth management clients
(CPI Financial - 27/02/2015)

New rules being introduced by Dubai International Financial Centre (DIFC) should help boost the DIFC’s share of the Gulf’s burgeoning wealth management business. The Dubai Financial Services Authority (DFSA), the regulatory body for DIFC has published ...

Saudi banks pull welcome mat for SMEs seeking loans
(CPI Financial - 27/02/2015)

Hasan Al-Hazmi knew he couldn’t depend on Saudi Arabian lenders when opening his business last year even with the kingdom’s drive to boost credit to small- and medium-sized companies. “Banks are not lending to any startups without providing annual ...

Viva Bahrain backs Global Islamic Investment Gateway
(Trade Arabia - 27/02/2015)

Leading telecommunications operator Viva Bahrain will be the technology sponsor for the upcoming 2015 Global Islamic Investment Gateway (GIIG). The two-day event, which will kick-off on March 2, is being organised by Thomson Reuters, the Islamic ...

Etisalat hails landmark year as profits hit $2.4bn
(Trade Arabia - 27/02/2015)

UAE-based Etisalat, a leading telecom group, has reported Dh8.9 billion ($2.4 billion) in profit for 2014 driven by strong performance of domestic operations, marking a 26 per cent rise over the previous year. Full year consolidated revenue increased by ...

Mobily suffers 2014 loss, loan covenant breach
(Reuters - 26/02/2015)

Mobily’s problems piled up yesterday after Saudi Arabia’s second largest mobile operator said it made a $243mn loss in 2014, had breached covenants on long-term loans and removed its chief executive. These disclosures are certain to unnerve investors in ...

Mobily swings to 2014 loss; trading in shares suspended
(Reuters - 25/02/2015)

Saudi Arabia's Mobily on Wednesday said it swung to a full-year loss in 2014 after the telecommunications operator announced its audited results, also revealing it had breached loan covenants with various lenders. Mobily -- formally called Etihad ...

Zain KSA partners with Astellia to spur network
(Saudi Gazette - 25/02/2015)

Zain KSA announced the signing of a three years agreement with Astellia, a leading provider of network and subscriber intelligence, at Zain’s headquarter in Riyadh. As part of the agreement, Astellia will support Zain launch a network based customer ...

Moody’s takes rating actions on Omantel and OPWP
(Oman Daily Observer - 25/02/2015)

International ratings agency Moody’s Investors Service has affirmed the A3 long-term issuer rating and stable outlook of Oman Telecommunications Company SAOG (Omantel) and changed the outlook to negative from stable for the A1 long-term domestic and ...

Mobily set to slash dividends after its accounting scandal
(Reuters - 25/02/2015)

An accounting scandal at Saudi Arabia’s Mobily is set to constrain dividend payouts from the former stock market darling for the next few years and make investors more picky about companies in the kingdom. Analysts who met acting Mobily chief executive ...

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