Muscat, Oman - Ooredoo has announced the promotion of Abdul Razzaq Al Balushi to Chief Financial Officer. He takes over from Jorgen Latte, who has retired as 1 February 2017 as CFO. In his new post, Abdul Razzaq will have overall responsibility for managing the Finance function, which will involve strategic finance, budgeting and planning, revenue assurance, business control, accounts and financial control, investor relations, procurement contracts and supply chain. He will also be responsible for developing strategies for sustainable value creation and also risk management in relation to setting and achieving organisational objectives.
Abdul Razzaq formerly served as the company’s Deputy Chief Financial Officer and has more than 25 years of experience working in a wide variety of managerial positions in corporate planning, strategy, finance, banking, and risk management. Prior to joining Ooredoo, he worked with Oman Trading International Operations in the UAE, HSBC, Oman LNG LLC, Oman Shipping Company SAOG and Aldersgate Partners.
Abdul Razzaq is a graduate of Strathclyde University UK, and the College of Banking and Financial Studies Oman with a Masters of Business Administration, Abdul Razzaq is also a Certified Treasury & Finance Professional and holds Certificates in Accounts, Banking & Trade.
His appointment reflects Ooredoo’s dedication to grow talent within the company and provide them with opportunities to thrive. Through its Omanisation programme, Ooredoo has dedicated resources towards the recruitment, retention and development of talented Omanis to help fulfil their professional aspirations and contribute to the growth of the Sultanate. Today, Ooredoo has an Omanisation rate of over 90%, with highly qualified and experienced Omanis working at every level within the company.
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About Ooredoo
Omani Qatari Telecommunications Company SAOG (“Ooredoo”) was founded and registered in the Sultanate of Oman in December 2004. It launched its service in March 2005 as the challenger mobile operator in Oman, originally operating under the name Nawras. The Company was awarded the second fixed licence in Oman in 2009, and launched its international gateway in April 2010, its corporate fixed and broadband services in May 2010, and its residential fixed and broadband services in June 2010. Since 2010, Ooredoo has been an integrated services telecommunications operator and is currently serving over 2 million customers across the Sultanate. Following a successful IPO on 1 November 2010, Ooredoo is listed on the Muscat Stock Market (MSM) under the “ORDS” ticker. Ooredoo is majority owned by Ooredoo Q.S.C. and also has a number of significant Omani shareholders which ensures that the company is strongly integrated into the Omani society. Ooredoo has won a number of awards including Jury’s Distinction Award for Customer Service Excellence in the telecom sector 2013, Leading Telecommunications Company at the Arab Achievement Awards 2013, Best Operator Network at the Telecoms World Middle East 2013 Awards, a number of awards for their outstanding campaigns at the Dubai Lynx Awards in February 2014 and the CommsMEA award for Middle East Mobile Operator of the Year 2015.
Twitter: @OoredooOman
Facebook: www.facebook.com/OoredooOman
Instagram: @OoredooOman
YouTube: www.youtube.com/OoredooOman
Snapchat: Ooredoo_Oman
About Ooredoo Group
Ooredoo is a leading international communications company delivering mobile, fixed, broadband internet and corporate managed services tailored to the needs of consumers and businesses across markets in the Middle East, North Africa and Southeast Asia. As a community-focused company, Ooredoo is guided by its vision of enriching people’s lives and its belief that it can stimulate human growth by leveraging communications to help people achieve their full potential. Ooredoo has a presence in markets such as Qatar, Kuwait, Oman, Algeria, Tunisia, Iraq, Palestine, the Maldives, Myanmar and Indonesia. The company was named “Most Innovative Company of the Year – MEA Region” at the 2015 International Business Awards.
The company reported revenues of USD 8.8 billion in 2015 and had a consolidated global customer base of 117 million customers as of 31 December 2015. Ooredoo’s shares are listed on the Qatar Stock Exchange and the Abu Dhabi Securities Exchange.
Twitter: @Ooredoo
Facebook: facebook.com/ooredoogroup
LinkedIn: http://www.linkedin.com/company/ooredoo
For further information please contact:
Emily Shotter Shaza Taher
Department Head - Public Relations & Internal Communications TRACCS Public Relations
e-mail: emily.shotter@ooredoo.om e-mail: shaza.taher@traccs.net
+968 9510 8302 +968 9601 8881
© Press Release 2017
