VIVA Financial Results H1 2018

Population & Penetration 25 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 2016 at 227% as reported by (ITU-D) and estimates by VIVA shows that the penetration rate in Kuwait declined to reach 200% at the end of Dec 2017. Kuwait Population (Million Person) & Penetration Rate (%) 5.0 250% 40 4.0 3.0 2.0 25 1.050 3.4 3.2 56% 49% 50 0.0 2006 227% 218% 220% 200% 200% 189% 158% 157% 150% 133% 4.5 3.4 3.5 92% 3.6 3.7 3.8 3.9 4.0 4.1 4.3 100% 56% 50% 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 Source of Population: IMF Source of Penetration rate: ITU 7 Investor Relations 50 75 100 0% 90 VIVA

View entire presentation