“Ooredoo Algeria,” qualitative progress and tangible success in 2022

By: Hana Saada

ALGIERS– Ooredoo Algeria achieved outstanding successes during 2022, thanks to the adopted strategic vision aimed at enhancing its competitiveness, the effective strategies and the inspiring package of measures and procedures that were applied, the operational efficiency it enjoys in its operations, as well as the experience and efficiency of its management team and employees.

During the year 2022, the revenues of Ooredoo Algeria reached 86.7 billion Algerian dinars against 84.4 billion dinars in 2021, an increase of 2.8%. Earnings without interest, taxes, depreciation and provisions on fixed assets (EBITDA) reached 30.8 billion Algerian dinars in 2022, compared to 29.1 billion dinars in 2021, an increase of 5.7%, according to a statement issued by the company.

In terms of investments during the year 2022, Ooredoo Algeria devoted 18.3 billion Algerian dinars against 11.3 billion dinars during the year 2021, an increase of 61%. The customer base was estimated at 13 million subscribers at the end of December 2022.

Commenting on these achievements, the Managing Director of the company, Mr. Bassam Yousef Al Ibrahim, said: “Ooredoo closed the year 2022 with positive financial results. These figures confirm the viability of Ooredoo’s strategy, focused, in particular, on the customer experience which remains at the heart of its concerns, the acceleration of the digitalization of its services and the continuous modernization of its technological equipment. The 2022 financial year was also a year of achievements and accomplishments for Ooredoo, in particular its positioning as a socially responsible company through numerous initiatives and actions in the environmental, health, social and other sectors. I take this opportunity to salute the dedication, professionalism and commitment of all Ooredoo employees who have greatly contributed to this success. As an economic operator, Ooredoo renews its commitment to further strengthen its investments in the Algerian market in order to make digital transformation in Algeria a tangible reality, thus meeting the requirements of our customers.”

The results for 2022 confirm, noted the press release, the viability of Ooredoo’s strategy with regard to the development of the national digital economy and local digital content as well as providing its customers with innovative solutions and services.