We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

End of the line? Vodafone Qatar shareholder ‘frightened’

End of the line? Vodafone Qatar shareholder ‘frightened’

Shaky ground for Vodafone as it continues to make losses this year. Despite hopes for a better 2011, shareholders remain worried. Emily Lucas reports.


June 19, 2011 4:09 by

Struggling since 2009, Vodafone Qatar is yet to make a profit. With high hopes (and fingers assumingly crossed), Vodafone Qatar aims to make its first within this year with reports of increasing mobile phone subscribers to 600,00.

Kipp not really wanting to burst anyone’s bubbles here, but analysts doubt Vodafone Qatar’s ability to do so, according to this article from The National.

In 2009, Qatar’s second telcom company lost 225.3 million Qatari rials but the company did show a “not-so-bad-but-not-good-either” improvement this year, after it reporting a loss of 27.1 million Qatari rials on March 31 before the tax for the year ending.

Things aren’t looking particularly sunny for Vodafone Qatar, though. On Sunday an annual meeting was held where Vodafone Qatar announced that distributing dividends has been postponed until 2013. (UPDATE: Kipp previously reported dividends distribution will be postponed to 2014 when in fact it has been moved to 2013, as per reports here.)

During the conference, a shareholder reportedly claimed that he was “frightened” by the performance of the firm, as quoted by The Peninsula.

Vodafone Qatar have also released that they may be trying to compete with Skype by launching their own Voice over internet protocol (VOIP) as many are using Skype through their services, However, this plan is yet to be seen through as there is no room for more operators within Qatar.


Tags: , , ,

1 Comment

  1. Lana Khachan on June 20, 2011 11:21 am

    This report is factually incorrect. There was absolutely no mention of dividends being postponed until 2014 at Vodafone Qatar’s AGM. It was very clear that there was no change to the dividend policy from the original IPO prospectus which says “Based on the Business Plan, in particular the Company’s projected cash flow and profit before amortisation, the Company does not anticipate that it will declare a dividend before the financial results for the year ended 31 March 2013″


Leave a Comment