Ooredoo Announces Formation of New International Connectivity Infrastructure Entity and Appoints Khalid Hassan Al-Hamadi as CEO | premargin
Ooredoo Announces Formation of New International Connectivity Infrastructure Entity and Appoints Khalid Hassan Al-Hamadi as CEO
·ADX·General Disclosure | General Press Release·February 16, 2026·View on exchange
AI Summary
Ooredoo Group has formed Ooredoo Fibre Networks (OFN), a new independent entity dedicated to managing and scaling international connectivity and submarine cable infrastructure.
Khalid Hassan Al-Hamadi has been appointed as CEO of OFN effective February 15, 2026, to lead the group’s ambition to grow international infrastructure revenues from 3% to 12%.
The carve-out process for the new entity is expected to be completed by 2027, focusing on strategic assets like the 1,900-kilometer FIG subsea cable system.
The initiative is part of Ooredoo’s RISE strategy to capture rising global data demand driven by AI, cloud providers, and hyperscalers.
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