The Group’s consolidated customer base as of 31 December 2011 stood at 83.4 million, compared to 74.1 million in 2010, representing a 12.4% year-on-year increase. Group EBITDA in 2011 also advanced, increasing by 18.7% from QAR 12.5 billion in 2010 to QAR 14.8 billion.
The Group also maintained a strong EBITDA margin, with EBITDA margin for 2011 standing at 47% percent, up from 46% in 2010.
Net profit attributable to Qtel’s shareholders increased year-on-year by 11.6% from QAR 2.3 billion in 2010 to QAR 2.6 billion in 2011, following a one-off favourable decision on the royalty regime in Qatar in 2010 worth QAR 554 million.
The Qtel Board recommended the distribution of a cash dividend of 30% of the nominal share value (QAR 3%) and bonus shares representing 30% of the issued share capital.
The Board of Directors also recommended to the General Assembly an increase of authorised share capital of QAR 5 billion. Taking into account the long-term strategy of the company, the Board of Directors approved the issue of 40% rights (two shares for every five shares held, after the distribution of bonus shares) at a price of QAR 75 per share, which is subject to approval of the increase of authorised capital by the General Assembly and subject to receiving the relevant regulatory approvals.