Report
Sarah Shabayek
EUR 44.20 For Business Accounts Only

Omani Telecoms | Exploring industry risks; still prefer Ooredoo

We continue to favour the Omani telecom sector. Omani telecoms still have room for data growth, in our view, particularly vs. GCC counterparts. Growth in MBB customers and ARPUs of 13% and 10% respectively in 2015 indicates that spending in Oman has so far proven resilient to fiscal deterioration driven by higher usage and 4% population growth during 2015 (expat population grew 6%). Ooredoo is our market pick with 40% potential upside.

Provider
CI Capital
CI Capital

CI Capital is a diversified financial services group and Egypt’s leading provider of leasing, microfinance, and investment banking products and services.

Through its headquarters in Cairo and presence in New York and Dubai, CI Capital offers a wide range of financial solutions to a diversified client base that include global and regional institutions and family offices, large corporates, SMEs, and high net worth and individual investors.

CI Capital leverages its full-fledged investment banking platform to provide market leading capital raising and M&A advisory, asset management, securities brokerage, custody and research. Through its subsidiary Corplease, CI Capital offers comprehensive leasing solutions, including finance and operating leases, and sale and leaseback, serving a wide range of corporate clients and SMEs. In addition, CI Capital offers microfinance lending through Egypt’s first licensed MFI, Reefy.

The Group has over 1,700 employees, led by a team of professionals who are among the most experienced in the industry, with complementary backgrounds and skill sets and a deep understanding of local market dynamics.

CI Capital has been recognized as the “Best Investment Bank in Egypt” by EMEA Finance for four years running from 2013-2016, and by Global Finance in 2014 and 2015.

Analysts
Sarah Shabayek

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