Ooredoo Efficiency Boosts Profits by 144 Percent
Ooredoo has demonstrated that the 2026 Efficiency Program contributed to a 144% increase in profits, with net profit reaching 4.5 million Omani rials in the first quarter of this year compared to 1.8 million rials last year. Revenue remained steady at 62 million rials, unchanged from the same period. The initiatives focused on improving operational efficiency and reducing costs, especially in networks and information technology, which helped enhance the company's profitability and lower expenses. The company also announced a restructuring of senior management positions at an estimated cost of 15 million Omani rials, with expected annual financial savings of up to 8 million rials starting in 2026.
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