9M-2019 Financial Highlights

Population & Penetration 7 Kuwait population since 2010 is growing at the same level of 2.8% yearly and the growth is forecasted by IMF at 2.8% over the next 5 years compared to almost 1% for the global population growth. This growth coupled with rising income levels will propel growth in consumer spending. Kuwait boasts the highest telecom penetration levels in the MENA region, which stood at the end of 2018 at 199% and estimates by VIVA shows that the penetration rate in Kuwait increased to reach 202% at the end of September 2019. Kuwait Population (Million Person) & Penetration Rate (%) 5.0 4.5 40 4.0 3.5 3.0 2.5 155% 150% 133% 189% 250% 199% 228% 199% 218% 220% 207% 200% 150% 2.0 93% 3.4 3.4 3.5 3.6 3.7 3.8 3.9 4.0 4.1 4.2 4.3 4.5 4.6 100% 1.5 3.2 1.0 57% 57% 50% 5 0.5 50% 0% 0.0 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Sep-19 Investor Relations VIVA

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