Press Releases

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Zain Group pledges half million USD towards humanitarian efforts for besieged people of Gaza

July 25, 2014

Zain Group pledges half million USD towards humanitarian efforts for besieged people of Gaza

Zain Group detailed a range of humanitarian activities it has and continues to undertake towards bettering the conditions of beleaguered Palestinians in Gaza and the West Bank. At a Group level, Zain in close coordination with its operation in Jordan has pledged a much-needed amount of half a million USD that will be put towards alleviating some of the misery being felt by inhabitants in Gaza, with the amount earmarked for food and medical supplies for the needy.

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Zain KSA’s First Half 2014 Results Reflect Positive Momentum

July 17, 2014

Zain KSA’s First Half 2014 Results Reflect Positive Momentum

Zain Saudi Arabia announced its first six months of 2014 financial results reflecting positive momentum. The company recorded a significant increase in EBTIDA during the first half of 2014, reflecting a 22% growth reaching SAR 564 million (USD 150 million) up from SAR 464 million (USD 124 million) in the first half of 2013. The company succeeded in raising the EBTIDA margin to 18%, up from 14% during the same period of last year. The company narrowed net loss by 11%, reaching to SAR 329 million (USD 88 million) from SAR 370 million (USD 99 million) during the second quarter of 2013.

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Zain Group first-half 2014 revenues up 3% to USD 2.23 billion, net income up 3% to USD 407 million

July 16, 2014

Zain Group first-half 2014 revenues up 3% to USD 2.23 billion, net income up 3% to USD 407 million

Zain Group announces its consolidated financial results for the six months ended 30 June, 2014. Zain Group added 2.1 million new active customers over the past twelve months to serve 46.5 million as of 30 June 2014, reflecting a 5% growth rate. Zain Group generated consolidated revenues of USD 2.23 billion (KD 627 million), up 3% year-on-year (Y-o-Y), consolidated EBITDA for the period reached USD 943 million (KD 265 million), reflecting an increase of 1% Y-o-Yand Consolidated Net Income increased by 3% to reach USD 407 million (KD 115 million)

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Statement regarding lawsuit against Zain Iraq

July 15, 2014

Statement regarding lawsuit against Zain Iraq

Zain provides an update on the lawsuit claim No. 1312 / B / 2013, in Iraq by another telecommunication company operating in Iraq against Zain Iraq

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Duncan Howard appointed Chief Commercial Officer of Zain Group

July 01, 2014

Duncan Howard appointed Chief Commercial Officer of Zain Group

Zain announces the appointment of Duncan Howard as Chief Commercial Officer of Zain Group, replacing Albert Fernandes. Under this role, Mr Howard will oversee and enhance all commercial, marketing, branding and advertising areas across Zain’s regional footprint.

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