Cellcom Sets Aside Provision for Potential Liabilities
Cellcom has set aside a net provision of 228 thousand dinars (KDT) to cover potential liabilities related to a case involving two of its sales representatives, the company announced in a statement released at the request of the Financial Market Council (CMF).
Background of the Case
According to Cellcom, the facts reported by the auditors to the Public Prosecutor in March 2026 concern offenses committed by these two employees. Following the conclusions of the disciplinary councils, the company terminated their employment contracts in March and April 2026. The company notes that the clients handled by the two sales representatives were informed of this reorganization, and their portfolios were immediately transferred to two other sales representatives to ensure continuity of activities and maintain the quality of customer relationships.
Defense of Interests
As part of the defense of its interests, Cellcom also indicates that it has filed several criminal complaints during the year 2026. At the time of the statement's release, the net amount provisioned in the company's accounts amounts to 228 KDT, based on the judicial proceedings initiated against the two former sales representatives.
Compliance with Regulations
Cellcom emphasizes that all measures taken in this case have been implemented in strict compliance with the applicable legal and regulatory provisions. The company's proactive approach to addressing the situation and its commitment to upholding the law demonstrate its dedication to maintaining the highest standards of integrity and transparency.
