Press Releases

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Planning for the future: Zain Technology Conference to support company’s strategic direction

November 14, 2014

Planning for the future: Zain Technology Conference to support company’s strategic direction

Zain Group is set to host its 4th annual Zain Technology Conference (ZTC) between November 17-19, 2014 in the vibrant city of Istanbul, representing its largest technology event to date and attracting more than 65 global technology partners. The theme of this year’s conference is “Enabling an Inspiring Digital Lifestyle Experience”, and the occasion allows Zain a prime opportunity to assess and adapt its ambitious strategy and future technology direction in a transparent and collaborative manner.

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CFA Institute Research Challenge to focus on Zain

November 12, 2014

CFA Institute Research Challenge to focus on Zain

Chartered Financial Analyst Society Kuwait (CFA), the local society of CFA Institute, the world’s pre-eminent association of investment professionals, will host its annual research challenge in Kuwait for a second consecutive year focusing on Zain’s operational and financial performance.

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Zain Iraq to launch 3G services in country by January 2015

November 10, 2014

Zain Iraq to launch 3G services in country by January 2015

Zain Group announces that its subsidiary in Iraq, Atheer Telecom Iraq Limited (“Zain Iraq”) has entered into an agreement with Iraq’s Communications and Media Commission (“CMC”) to secure authorization to utilize 2100 MHz spectrum for 3G services across Iraq. Zain Iraq recently paid the first instalment fee amounting to USD 76.75 million representing 25% of the overall 3G spectrum fee of USD 307 million.

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Zain Group generated revenues of USD 3.3 billion and recorded net income of USD 570 million for first nine months of 2014

November 03, 2014

Zain Group generated revenues of USD 3.3 billion and recorded net income of USD 570 million for first nine months of 2014

Zain Group announces its consolidated financial results for the nine-month and third-quarter period ended 30 September, 2014. For the first nine months of 2014, Zain Group generated stable consolidated revenues of USD 3.3 billion (KD 921 million), while consolidated EBITDA for the period reached USD 1.4 billion (KD 389 million) down 2%, reflecting a healthy EBITDA margin of 42.2%. Consolidated net income reached USD 570 million (KD 161 million), reflecting a 2% Y-o-Y decrease and Earnings Per Share of USD 0.15 (KD 0.041) for the nine-month period.

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Zain appoints Mrs Eaman Al Roudhan Group Chief Regulatory Officer

November 02, 2014

Zain appoints Mrs Eaman Al Roudhan Group Chief Regulatory Officer

Zain Group announces the appointment of Mrs Eaman Al Roudhan as Chief Regulatory Officer of Zain Group effective 1 November, 2014. This follows the departure of Saud Al Zaid who was appointed a Board member of the newly formed Kuwait Telecom Regulatory Authority.

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