Orange Jordan General Assembly approves cash dividend distribution of JD 41.25mln
The meeting was chaired by the Chairman of the Board of Directors of Jordan Telecom Company - Orange Jordan Raslan Deiranieh, in the presence of the board members, Orange Jordan's CEO Eng. Philippe Mansour, executive management, the Companies General Controller Dr. Wael Armouti, the auditor from Deloitte & Touche (Middle East) Jordan Shafiq Batshon, the board's Legal Advisor from Al Najdawi Office, in addition to 86.8 % of the company's shareholders.
The general assembly approved all items on the meeting's agenda, including the ones of the previous year's general assembly meeting, the board of directors' report, the auditors' report, and the company's consolidated financial statements for the fiscal year ending on December 31st, 2024.
According to the financial data disclosed in the company's financial statements as of the end of December 31st, 2024, the total revenue amounted to JD 361.3 million, while the customer base reached 4.5 million subscribers across all services. Capital expenses during 2024 amounted to JD 75.5 million, representing 20.9% of the company's total revenue. Most of these expenses were allocated to investments in the 5G network development projects and the expansion of the fiber network. It's worth noting that Orange Jordan has invested approximately JD 1.7 billion in network infrastructure since 2000.
These financial results and figures indicate financial stability and consistent performance, forming a basis for further expected growth in 2025, which marks the 25th anniversary of the Orange Group's partnership with the Jordanian government.
In his speech delivered during the general assembly meeting, Deiranieh emphasized that 2024 represents a remarkable milestone in Orange Jordan's journey thanks to the significant achievements, aligning with Orange's ambitious global strategy "Lead the Future." This contributed to positive results in all areas where the company operates. He commended Orange Jordan's efforts in investing in 5G and fiber networks to provide internet services with unprecedented speeds. Investments in fiber networks to serve customers across the Kingdom amounted to approximately JD 150 million, enabling the company to become the leading fiber service provider in the local market. Moreover, more than JD 160 million were allocated to the development and expansion of the 5G network to gradually reach all parts of the Kingdom.
From his side, the CEO of Orange Jordan, Eng. Philippe Mansour, affirmed that 2024 has been a pivotal year for the company. The financial growth was coupled with numerous strategic launches in the Jordanian market through which the company strengthened its interaction with its customers, partners, employees, environment, and society. He pointed out that the company's vision to be the true responsible digital leader of the Kingdom was translated with sustained investments aiming to provide the most innovative digital solutions namely fiber, 5G, satellite internet services, smart life solutions, and business solutions. These achievements are paving the way for Orange Jordan to lead the future and take the partnership with the Jordanian government to another level.
To learn more, visit our website: www.orange.jo.
About Orange Jordan
Orange Jordan, with over 1800 employees across nearly 300 shops and locations throughout Jordan, strives to provide the best customer experience through an integrated set of digital solutions including fixed lines, mobile lines, internet, data, and Smart Life Solutions to around 4.5 million customers in Jordan.
Orange Jordan is a subsidiary of Orange Global Group, which is present in 26 countries worldwide. In line with the Group's strategy 'Lead the Future' and through its positioning as a true responsible digital leader, Orange Jordan supports the national digital transformation vision. Orange Jordan prioritizes community service, and in this context, it implements a comprehensive CSR strategy that revolves around 4 pillars including digital education, digital inclusion, entrepreneurship, climate, and environment.
In addition to serving individual customers, Orange Jordan offers tailored solutions for businesses through its sub-brand, (Orange Business).
To learn more, please visit our website: www.orange.jo.
About Orange
Orange is one of the world's leading telecommunications operators with revenues of 40.3 billion euros in 2024 and 127,000 employees worldwide at 31 December 2024, including 71,000 employees in France. The Group has a total customer base of 291 million customers worldwide at 31 December 2024, including 253 million mobile customers and 22 million fixed broadband customers. These figures account for the deconsolidation of certain activities in Spain following the creation of MASORANGE. The Group is present in 26 countries (including non-consolidated countries).
Orange is also a leading provider of global IT and telecommunication services to multinational companies under the brand Orange Business. In February 2023, the Group presented its strategic plan "Lead the Future", built on a new business model and guided by responsibility and efficiency. "Lead the Future" capitalizes on network excellence to reinforce Orange's leadership in service quality.
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