Press Releases

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Zain partners World Economic Forum’s “New Vision for Arab Employment Initiative” to create 100,000 jobs by 2017

May 27, 2015

Zain partners World Economic Forum’s “New Vision for Arab Employment Initiative” to create 100,000 jobs by 2017

Zain Group, a leading innovator in mobile telecom in eight markets across the Middle East and Africa, announces its successful participation as a Strategic Partner Associate at this year’s World Economic Forum (WEF) that took place on Jordan’s Dead Sea, 21-23 May. One of the most significant outputs of the three-day event was the WEF’s Regional Business Council for MENA call for action of a “New Vision for Arab Employment Initiative” that saw the commitment by nine founding partners, one of which was Zain Group, to scaling their corporate initiatives and creating wholly new initiatives aimed at closing the skills gap in the region. The call of action’s overall objective is to equip 100,000 people for job readiness in the MENA region by 2017.

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Zain wins three major prizes at prestigious Global Telecoms Business awards in London

May 18, 2015

Zain wins three major prizes at prestigious Global Telecoms Business awards in London

Zain Group, a leading innovator of mobile communications in eight markets across the Middle East and Africa, scooped three major prizes at the prestigious 2015 Global Telecoms Business (GTB) Innovation Awards held in London last week. The gala event was attended by over 350 industry leaders from across the globe, all eager to take home a contested award.

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Building a better future: Zain partners World Economic Forum to support region’s prosperity

May 17, 2015

Building a better future: Zain partners World Economic Forum to support region’s prosperity

Zain Group announces its strategic partnership of this year’s World Economic Forum (WEF) set to take place in Jordan’s Dead Sea 21-23 May. The World Economic Forum is the international institution committed to improving the state of the world by engaging business, political, academic, and other leaders of society to shape global, regional, and industry agendas.

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Middle East Investor Relations Society - Kuwait Chapter announces support from Boursa Kuwait Securities Company to improve corporate investor relations

May 17, 2015

Middle East Investor Relations Society - Kuwait Chapter announces support from Boursa Kuwait Securities Company to improve corporate investor relations

The Middle East Investor Relations Society (MEIRS) - Kuwait Chapter organised on April 20 the Chapter’s first meeting in 2015, held in the presence of a large number of attendees, including representatives from its founding members NBK, Zain Group, KIPCO and independent member Dalal Al-Dousary, as well as representatives from Boursa Kuwait Securities Company (BKSC). The meeting was also attended by investor relations experts and representatives from Kuwait’s leading listed companies.

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Zain Group generated revenues of USD 942 million and recorded net income of USD 139 million for the first quarter of 2015

May 12, 2015

Zain Group generated revenues of USD 942 million and recorded net income of USD 139 million for the first quarter of 2015

For the first quarter of 2015, Zain Group generated consolidated revenues of USD 942 million (KD 279 million) as compared to USD 1.104 billion (KD 311 million) for the same period in 2014. EBITDA for the quarter reached USD 396 million (KD 117 million) as compared to USD 469 million (KD 132.2 million) for the same period a year earlier, representing an EBITDA margin of 42%. Net income for the quarter amounted to USD 139 million (KD 41 million) as compared to USD 198.4 million (KD 55.9 million) for the same period in 2014. Earnings Per Share for the quarter reached USD 0.04 (fils 11).

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Creating a smarter world: Zain and Vodafone extend Partner Agreement to include Machine-To-Machine services

May 10, 2015

Creating a smarter world: Zain and Vodafone extend Partner Agreement to include Machine-To-Machine services

Zain Group announces the expansion of its existing Partner Market Agreement with Vodafone, to deliver Machine-To-Machine (M2M) services to Enterprise and Government sectors across the region. The agreement was discussed during Zain’s participation at the Mobile World Congress in Barcelona in March this year and finalized following Vodafone’s involvement in Zain’s Business Services and Solutions Expo 2015 held in Kuwait last week.

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Zain Group publishes fourth annual sustainability report covering 2014 entitled: ‘Facing Challenges with Innovation’

May 06, 2015

Zain Group publishes fourth annual sustainability report covering 2014 entitled: ‘Facing Challenges with Innovation’

Zain Group, announces the publication of its fourth annual sustainability report, entitled, ‘Sustainability Report 2014: Facing Challenges with Innovation’.

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Zain Bahrain reports Q1 2015 profits

May 05, 2015

Zain Bahrain reports Q1 2015 profits

Zain Bahrain, the most innovative operator in the Kingdom, has posted its financial results for the first quarter of 2015 ending 31 March 2015; recording a 39.42% margin in EBTIDA during the same period, reaching BD 6.951 million (US$ 18.389 million).

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Strategy Masterclass: Zain holds leadership workshop on competing and organizing for change and growth

April 29, 2015

Strategy Masterclass: Zain holds leadership workshop on competing and organizing for change and growth

Zain Group announces the successful hosting of a Strategy Masterclass workshop, which was held in Kuwait under the patronage of Zain Vice-Chairman Bader Al Kharafi, Group CEO Scott Gegenheimer, Zain Kuwait CEO Omar Al Omar, and attended by senior management from Zain Group and its eight operations. The workshop was run by Dr Kevin J. Boudreau, an applied micro-economist and strategy researcher who is Assistant Professor of Strategy and Entrepreneurship at world-renowned London Business School.

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Winners announced at the Zain-sponsored MIT Enterprise Forum Pan Arab startup competition

April 22, 2015

Winners announced at the Zain-sponsored MIT Enterprise Forum Pan Arab startup competition

Zain Group announces that teams from Lebanon, Jordan, Saudi Arabia, Egypt, Morocco, and the United Arab Emirates made it to the winners’ stage at the MIT Enterprise Forum Pan Arab competition. The contestants were singled out for putting forward the best start-up innovative and creative business ideas in the Arab world from amongst 75 contesting teams from 15 Arab countries. The competition’s final ceremony, at which the winners were announced, is a culmination of six months of planning, with the gala ceremony being held at the Symphony Style Hotel in Kuwait on 20 April.

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Zain KSA continues to report significant growth in Q1 2015

April 21, 2015

Zain KSA continues to report significant growth in Q1 2015

Zain KSA announced significant improvements in its financial results for the first quarter of 2015. The Company reported a 27% increase in EBITDA, at SAR 348 million up from SAR 275 million in Q4 2014. EBITDA margin rose to 21% in Q1 2015, up from 17% during the previous quarter.

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Zain makes strategic investment with Middle East Venture Partners (MEVP)

April 18, 2015

Zain makes strategic investment with Middle East Venture Partners (MEVP)

Zain Group, a leading innovator of mobile communications in eight markets across the Middle East and Africa, announces its first foray in venture capital investment through a strategic anchor participation in Middle East Venture Partners’ (MEVP) latest fund. The Dubai based MEVF II fund will invest in early stage technology companies with proven traction in the MENA region and will focus its investment on three verticals: Web and mobile digital plays; e-marketplaces; and B2B companies.

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Zain Group publishes report entitled, “Connecting Separated Families: Providing Hope Through Connectivity”

April 11, 2015

Zain Group publishes report entitled, “Connecting Separated Families: Providing Hope Through Connectivity”

Zain Group, the leading telecom innovator in 8 markets across the Middle East and Africa, announces the publication of a thought-leadership report entitled, “Connecting Separated Families: Providing Hope Through Connectivity”, which chronicles the inherent potential of a collaborative approach to using technology as a means to empower and liberate displaced people. The report, available in both Arabic and English, was undertaken in collaboration with Refugees United (REFUNITE) and leading technology provider Ericsson.

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Lending a voice to the voiceless: Zain launches stark, high-impact campaign against child abuse

April 07, 2015

Lending a voice to the voiceless: Zain launches stark, high-impact campaign against child abuse

Zain Group, a leading innovator in mobile telecom in eight markets across the Middle East and Africa, announces the commencement of its multi-faceted media campaign to raise awareness about the ills of child abuse and shed light on this often taboo, yet tragic topic. Zain is looking to highlight this global phenomenon and support children from the region, especially in those areas ravaged with conflict, to grow free from abuse so that they can achieve their full potential and actively contribute to and enjoy our wonderful world.

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Zain-sponsored MIT conference in Kuwait brings leaders together to address region’s most pressing challenges

April 06, 2015

Zain-sponsored MIT conference in Kuwait brings leaders together to address region’s most pressing challenges

Leaders from government, industry, and academia in the Arab world will gather in Kuwait on April 20-21 for the 8th MIT Pan-Arab Conference, the flagship event of the Massachusetts Institute of Technology’s Arab Alumni Association (MIT AAA). The two-day event will take place at the Symphony Style Hotel in Salmiya, Kuwait. Organized jointly with the MIT Enterprise Forum of the Pan Arab Region (MIT EF Pan Arab) and with lead sponsorship from Zain Group, this year’s conference addresses the Arab world’s most pressing challenges and discusses the role of innovation and entrepreneurship in overcoming these issues.

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