Omani Qatari Telecommunications Company SAOG

MSM:ORDS Stock Report

Market Cap: ر.ع210.9m

Omani Qatari Telecommunications Company SAOG Future Growth

Future criteria checks 2/6

Omani Qatari Telecommunications Company SAOG is forecast to grow earnings and revenue by 16% and 1.2% per annum respectively. EPS is expected to grow by 15.9% per annum. Return on equity is forecast to be 7.3% in 3 years.

Key information

16.0%

Earnings growth rate

15.89%

EPS growth rate

Wireless Telecom earnings growth-2.9%
Revenue growth rate1.2%
Future return on equity7.35%
Analyst coverage

Low

Last updated07 Jul 2026

Recent future growth updates

Recent updates

Narrative Update • Jul 09

ORDS: Upcoming 2026 Board Results Review Will Support Upside Potential

Analysts have lifted their fair value estimate for Omani Qatari Telecommunications Company SAOG from OMR0.449 to OMR0.523, citing updated assumptions around revenue growth, profit margins and the future P/E multiple used in their models. What's in the News for Omani Qatari Telecommunications Company SAOG Omani Qatari Telecommunications Company SAOG has scheduled a board meeting on April 23, 2026, to review and approve its consolidated financial results.
Narrative Update • Jun 25

ORDS: Steady Fair Value And Earnings Multiple Will Guide Balanced Outlook

Analysts have kept their fair value estimate for Omani Qatari Telecommunications Company SAOG steady at OMR0.355, reflecting updated assumptions for higher revenue growth, a slightly stronger profit margin, and a marginally lower future P/E multiple. What’s in the News for Omani Qatari Telecommunications Company SAOG A board meeting is scheduled for April 23, 2026, to consider and approve the consolidated financial results for the period ended March 31, 2026.
Narrative Update • Jun 11

ORDS: Firm P/E And Modest Outlook Shifts Will Shape Balanced Prospects

Analysts have kept the fair value estimate for Omani Qatari Telecommunications Company SAOG steady at OMR0.355, explaining the unchanged price target by offsetting updates that include a slight adjustment to the discount rate, a shift in expected revenue from a small decline to modest growth, a minor reduction in projected profit margin, and a slightly higher assumed future P/E multiple. What's in the News Board meeting scheduled for Mar 15, 2026 to elect a new chairman and vice chairman, appoint the company secretary, approve board committee composition, and review other business matters.
Narrative Update • May 28

ORDS: Upcoming Board Meetings Will Support More Confident Future Outlook

Analysts have raised their fair value estimate for Omani Qatari Telecommunications Company SAOG from OMR0.401 to OMR0.425, citing updated assumptions for revenue growth, profit margins and future P/E levels. What's in the News Board meeting scheduled for March 15, 2026, to elect a new chairman and vice chairman, appoint the company secretary, approve board committee composition, and review other business matters (Key Developments).
Narrative Update • May 01

ORDS: Rich P/E And Revenue Contraction Will Guide Balanced Near Term Outlook

Analysts have nudged their Omani Qatari Telecommunications Company SAOG fair value estimate to OMR0.355 per share. This reflects updated assumptions around slightly softer revenue contraction, a modestly higher profit margin near 8.8% and a lower future P/E of about 19.2x.
Narrative Update • Apr 17

ORDS: Upcoming Meetings And Steady Assumptions Will Support Balanced Future Outlook

Analysts now place Omani Qatari Telecommunications Company SAOG's fair value estimate at about OMR0.40 per share, compared with the prior OMR0.39, reflecting updated views on its projected profitability and future P/E assumptions. What's in the News A board meeting is set for February 8, 2026 to review and approve the audited financial statements for the year ended December 31, 2025, with plans to upload them to the Muscat Stock Exchange website shortly (company event notice).
Narrative Update • Apr 02

ORDS: Higher Profit Outlook And Key 2026 Meetings Will Support Upside Potential

Analysts have adjusted their price target on Omani Qatari Telecommunications Company SAOG from OMR0.38 to OMR0.449, citing updated assumptions for the discount rate, revenue growth, profit margin and future P/E as the basis for the revised fair value estimate. What's in the News Board meeting scheduled for February 8, 2026, to approve the audited financial statements for the year ended December 31, 2025, with publication planned on the Muscat Stock Exchange website shortly (company event filing).
Narrative Update • Mar 18

ORDS: Rich P/E And Softer Revenue Will Shape Balanced Near Term Outcomes

Analysts have revised their price target for Omani Qatari Telecommunications Company SAOG from OMR0.315 to OMR0.355, reflecting updated assumptions around revenue trends, profit margins, and a higher future P/E multiple. What's in the News Board meeting scheduled for February 8, 2026, to approve the audited financial statements for the year ended December 31, 2025, with plans to upload them to the Muscat Stock Exchange website shortly (company event disclosure).
Narrative Update • Mar 04

ORDS: Upcoming Meetings And Stable Outlook Will Shape Balanced Future Prospects

Analysts have raised their Omani Qatari Telecommunications Company SAOG price target to OMR0.39 from OMR0.39, citing updated assumptions around a lower discount rate and revised views on revenue growth and profit margins, along with a slightly adjusted future P/E multiple. What's in the News A board meeting is scheduled for February 8, 2026, to approve the audited financial statements for the year ended December 31, 2025, with documents to be uploaded to the Muscat Stock Exchange website shortly (Key Developments).
Narrative Update • Feb 17

ORDS: Rich P/E And Weaker Revenue Outlook Will Constrain Future Upside

The analyst price target for Omani Qatari Telecommunications Company SAOG has been raised from OMR0.280 to OMR0.315. Analysts point to updates in their fair value estimate, discount rate, revenue growth assumptions, profit margin outlook and expected future P/E as the key drivers of the change.
Narrative Update • Feb 03

ORDS: Steady Forecasts And Upcoming Meeting Will Support Future Upside

Analysts have kept their fair value estimate for Omani Qatari Telecommunications Company SAOG unchanged at $0.39, reflecting broadly steady assumptions on the discount rate, revenue trends, profit margin and future P/E in their updated work. What's in the News Omani Qatari Telecommunications Company SAOG has scheduled a Special or Extraordinary Shareholders Meeting for February 25, 2026, at 15:00 Arabian Standard Time.
Narrative Update • Jan 20

ORDS: Higher Fair Value And Margin Assumptions Will Support Future Upside

Analysts have lifted their price target for Omani Qatari Telecommunications Company SAOG from OMR0.301 to OMR0.388, citing updates to their fair value assumptions alongside revised expectations for revenue trends, profit margin and future P/E multiples. What's in the News A board meeting is scheduled for October 22, 2025, to review and approve the consolidated unaudited financial results for the period ended September 30, 2025 (company announcement).
Narrative Update • Jan 06

ORDS: Future Margins And P/E Assumptions Will Shape Fair Value Outlook

Analysts have raised their fair value estimate for Omani Qatari Telecommunications Company SAOG from $0.22 to $0.28 per share, citing updated assumptions around revenue growth, profit margin and future P/E that feed into their revised price target model. What's in the News A board meeting is scheduled for October 22, 2025, to review and approve the consolidated unaudited financial results for the period ended September 30, 2025 (company event filing).
Narrative Update • Dec 15

ORDS: Fair Value Will Remain Steady As Margins And Earnings Multiple Stay Stable

Analysts have modestly raised their price target on Omani Qatari Telecommunications Company SAOG, citing the maintenance of intrinsic fair value estimates around OMR 0.30 per share, underpinned by steady revenue growth, stable profit margin assumptions, and an unchanged forward P/E outlook. What's in the News Board meeting scheduled for October 22, 2025, to approve consolidated unaudited financial results for the period ended September 30, 2025 (company filing) Valuation Changes Fair Value Estimate: Unchanged at approximately OMR 0.30 per share, indicating no revision to the intrinsic valuation baseline.
Narrative Update • Nov 28

ORDS: Fair Value Will Remain Consistent Amid Slight Profitability Improvements

Analysts have slightly increased their price target for Omani Qatari Telecommunications Company SAOG to OMR 0.301, citing improved revenue growth and a marginal uptick in profit margins in recent forecasts. What's in the News The board meeting is scheduled for October 22, 2025 to approve the consolidated unaudited financial results for the period ended September 30, 2025 (Key Developments).
Narrative Update • Nov 14

ORDS: Fair Value Will Remain Consistent As Revenue Expectations Are Updated

Analysts have slightly raised their price target for Omani Qatari Telecommunications Company SAOG to OMR 0.301, reflecting updated expectations for faster revenue growth. This is partially offset by a marginal decline in projected profit margins.
Narrative Update • Oct 30

ORDS: Leadership Transition Will Drive Accelerated Revenue Growth And Profitability

Analysts have raised their price target for Omani Qatari Telecommunications Company SAOG from OMR 0.300 to OMR 0.301, reflecting improved growth and profitability expectations. What's in the News Appointment of Mr. Saoud Hamad Al Riyami as the new CEO, effective 4 August 2025 (Key Developments) Mr. Saoud previously served as Acting CEO since February 2025, following the tenure completion of Bassam Yousef Al Ibrahim (Key Developments) Saoud brings over 20 years of experience within Ooredoo Oman, having held senior roles such as Head of Business Sales and Chief Business and Wholesale Officer (Key Developments) The new CEO holds a Bachelor's degree in Education from Sultan Qaboos University, an ILM Diploma in Leadership, and leadership certifications from institutions including Harvard University (Key Developments) Valuation Changes Fair Value Estimate has increased slightly from OMR 0.300 to OMR 0.301.
Narrative Update • Oct 16

Fiber Migration And 5G Expansion In Oman Will Unlock Opportunities

Analysts have revised their fair value estimate for Omani Qatari Telecommunications Company SAOG from OMR 0.330 to OMR 0.300, citing updated expectations for slower revenue growth and profit margins in the future. What's in the News Mr. Saoud Hamad Al Riyami has been appointed Chief Executive Officer, effective 4 August 2025.
Narrative Update • Aug 23

Fiber Migration And 5G Expansion In Oman Will Unlock Opportunities

The upward revision in Omani Qatari Telecommunications Company SAOG’s price target reflects improved expectations for both revenue growth and net profit margin, resulting in an increased fair value estimate from OMR0.31 to OMR0.33. What's in the News Saoud Al Riyami appointed as Chief Executive Officer, bringing over 20 years of experience and a long tenure with Ooredoo Oman.
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New Narrative • Feb 11

Investing In 5G And Customer Focus Will Drive Future Success In Telecom Market

Strategic focus on customer experience and 5G investments aims to enhance revenue and attract high-quality customers through superior service and improved infrastructure.

Earnings and Revenue Growth Forecasts

MSM:ORDS - Analysts future estimates and past financials data (OMR Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20282512037843
12/31/20272481931833
12/31/20262481824832
6/30/202624161965N/A
3/31/202624242076N/A
12/31/202524211467N/A
9/30/2025245111675N/A
6/30/2025249101576N/A
3/31/2025250111575N/A
12/31/2024252122378N/A
9/30/2024255103483N/A
6/30/2024256104288N/A
3/31/2024257114081N/A
12/31/2023259111176N/A
9/30/202325813776N/A
6/30/202326215978N/A
3/31/2023263171986N/A
12/31/2022262193395N/A
9/30/2022259162891N/A
6/30/2022248141982N/A
3/31/202224613-172N/A
12/31/202124613578N/A
9/30/202124917-183N/A
6/30/2021258191193N/A
3/31/2021262202998N/A
12/31/202026521-1286N/A
9/30/202027422-188N/A
6/30/202028026-189N/A
3/31/202028432N/A96N/A
12/31/201928634N/A99N/A
9/30/201928342N/A104N/A
6/30/201928442N/A100N/A
3/31/201928442N/A99N/A
12/31/201828442N/A98N/A
9/30/201828135N/A88N/A
6/30/201827835N/A89N/A
3/31/201827432N/A93N/A
12/31/201727431N/A106N/A
9/30/201727232N/A114N/A
6/30/201727235N/A113N/A
3/31/201727241N/A112N/A
12/31/201627046N/A118N/A
9/30/201627147N/A116N/A
6/30/201626444N/A118N/A
3/31/201626044N/A105N/A
12/31/201525242N/A93N/A
9/30/201524441N/A93N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: ORDS's forecast earnings growth (16% per year) is above the savings rate (15.1%).

Earnings vs Market: ORDS's earnings (16% per year) are forecast to grow faster than the OM market (5.1% per year).

High Growth Earnings: ORDS's earnings are forecast to grow, but not significantly.

Revenue vs Market: ORDS's revenue (1.2% per year) is forecast to grow slower than the OM market (4.4% per year).

High Growth Revenue: ORDS's revenue (1.2% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: ORDS's Return on Equity is forecast to be low in 3 years time (7.3%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/08/02 02:37
End of Day Share Price 2026/08/02 00:00
Earnings2026/06/30
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Omani Qatari Telecommunications Company SAOG is covered by 8 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Ziad ItaniArqaam Capital Research Offshore S.A.L.
null nullBeltone Financial
Hassan AbdelgelilCI Capital Research