Amman: The general assembly of Jordan Telecom Company – Orange Jordan has approved the board of directors’ recommendation to distribute cash dividends to shareholders amounting to JD41.25 million, equivalent to 220 fils per share. This distribution represents 99.5% of the company’s net profits and 22% of its capital, which stands at JD187.5 million.
According to Jordan News Agency, the decision was taken during the company’s thirty-first annual general assembly meeting. The meeting was chaired by the company’s chairman, Raslan Deiranieh, with the presence of board members and CEO Philippe Mansour.
The financial data disclosed in the company’s financial statements as of the end of December 31st, 2024, indicate that the total revenue amounted to JD361.3 million, with a customer base reaching 4.5 million subscribers across all services. Capital expenses during 2024 were JD75.5 million, representing 20.9% of the company’s total revenue. Most of these expenses were directed towards investments in 5G network development projects and the expansion of the fiber network. Since 2000, Orange Jordan has invested approximately JD1.7 billion in network infrastructure.