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00:00 A special review of CNBC Arabia shows the rise in profits and revenues of Gulf telecommunications companies in 2023. What are the main reasons behind this and what are the challenges that companies face?
00:19 In the beginning, we point out that in 2023, the profits of Gulf telecommunications companies rose by 13% and reached 10.2 billion dollars compared to 9 billion dollars in 2022.
00:38 Also, if we look at the value of revenues, we notice that the total revenues of the companies rose 6% and reached 71 billion dollars compared to 67 billion dollars in 2023.
00:55 As for the distribution of these revenues, we notice that Saudi Arabia had the largest share of 37%, followed by the UAE 26%, Kuwait 13%, Oman 12%, Qatar 10%, and Bahrain 2%.
01:17 Moving on to the leadership of Gulf telecommunications companies in terms of net profits, we notice that the STC companies issued their profits last year by 9% to 3.5 billion dollars.
01:37 The UAE E&G company also raised its profits by 3% to 2.8 billion dollars.
01:46 As for the profits of Gulf telecommunications companies, we notice that the Ulead company's profits rose by 18% last year, Kuwait's Zain company rose by 10% and Omantal also had a decrease in its profits by 18%.
02:05 If we also look at the financial distributions, we note that the financial distributions of Gulf telecommunications companies rose by 29% in 2023 and reached 7.9 billion dollars.
02:23 In addition to the financial distributions, if we delve into their details, we note that the STC companies' financial distributions rose by 62% and there were also increases in the distribution of 18% and reached 484 million dollars.
02:43 In this context, we also note that other companies' financial distributions rose by 42%, while the mobile phone's financial distribution rose by 26% and reached 297 million dollars.
02:57 We also notice that the financial distribution of the STC companies rose by 20%.
03:02 In addition to the financial distributions, we also note that Gulf telecommunications companies made significant acquisitions last year.
03:11 One of the most important acquisitions was the acquisition of a share in the Spanish company Telefónica.
03:19 We notice that there were acquisitions in European countries.
03:23 The company's financial distribution rose by 9.9% and reached 2.1 billion euros.
03:32 In this context, we also note that the UAE's financial distribution rose by 14% in the company Vodafone.
03:41 The CEO of the company also joined the board of directors of Vodafone last year.
03:48 In contrast to the challenges faced by Gulf telecommunications companies last year, one of the main challenges was geopolitical tensions.
03:59 In this context, the number of customers in Sudan decreased by a large number, as a result of the unrest in the country.
04:09 We also notice that the exchange rate in Egypt has dropped by 50 pounds, which has affected the decline of E&D wills in Egypt and the decline of Qatari wills in Palestine and Minamar.
04:30 Finally, we note that companies are now striving to expand their foreign acquisitions.
04:37 This is one of the challenges facing companies to generate greater profits and wills through their foreign expansion.
04:47 [BLANK_AUDIO]