Posted on June 23, 2013

Ooredoo has won two of EMEA Finance’s most significant awards in its annual Achievement Awards: “Borrower of the Year” and “Best M&A Deal of the Year”.

Ooredoo was awarded the “Best M&A Deal of the Year” for its US$ 1.8 billion tender offer for shares in Wataniya Telecom which took Ooredoo’s holding to 92.1%.  2012 also saw Ooredoo increase its holding in its Iraqi business, Asiacell, to 53.9%, then in February 2013 to 64%.  In addition, Ooredoo bolstered its holding in Tunisiana, the Tunisian mobile operator, to 90%.

In order to refinance these key transactions Ooredoo issued US$ 1 billion of unsecured notes in December 2012 under its Global Medium Term Note Programme which was listed on the Irish Stock Exchange in December 2012.  For the first time, Ooredoo also signed up a US$ 500 million Islamic financing package, provided by Qatar Islamic Bank in November 2012.  Most recently in January 2013, Ooredoo launched a two-tranche US$ 1 billion bond issue. The 30 year bond is the longest corporate bond for a Middle Eastern telecom operator.

The awards were presented at EMEA Finance’s Annual Achievement Awards Charity Dinner held in London on 20 June 2013.

Dr. Nasser Marafih, Group CEO, Ooredoo, said, “We believe that these awards stand as a recognition by the finance community of both our strategy and its implementation, which in turn depends on Ooredoo's ability to attract and retain best in class staff. Our people continue to be our biggest strength.”

EMEA Finance is an international financial magazine offering insight into the economic processes of European, Middle Eastern and African countries.  The magazine’s data, studies and expert reports offers a significant source of information for professionals actively operating in the EMEA region.

How does it feel to fly with the best ?