Press Releases

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Zain Group generated revenue of USD 1.9 billion and recorded net income of USD 269 million for the first half of 2015

July 29, 2015

Zain Group generated revenue of USD 1.9 billion and recorded net income of USD 269 million for the first half of 2015

Zain Group announces its consolidated financial results for the six months ended 30 June, 2015.

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Zain KSA Passes Operational Break-Even in the Second Quarter 2015 for the First Time

July 15, 2015

Zain KSA Passes Operational Break-Even in the Second Quarter 2015 for the First Time

Zain KSA announces that for the first time in its history, it has achieved operational break-even during a quarter. Financial results for the second quarter of 2015 (Q2 2015) record positive operating profit (EBIT), compared with an operating loss of SAR 136 million during the corresponding quarter of 2014. Whilst operating losses decreased during the first half by 78% to SAR 58 million compared to SAR 263 million during the first half of 2014.

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Zain Group promotes Mohammad Abdal to Chief Communications Officer

July 10, 2015

Zain Group promotes Mohammad Abdal to Chief Communications Officer

Zain Group, announces the promotion of Mohammad Abdal as the Chief Communications Officer (CCO) at Zain Group, effective 10 July, 2015. The newly created executive role will see him head three significant divisions within Zain Group: namely Investor Relations, Corporate Communications, and Corporate Governance & Compliance.

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Zain Group appoints Peter Kaliaropoulos as CEO for Zain in Lebanon and Vice Chairman & GM of 'touch' Lebanon

June 30, 2015

Zain Group appoints Peter Kaliaropoulos as CEO for Zain in Lebanon and Vice Chairman & GM of 'touch' Lebanon

Zain Group, announces the appointment of telecom stalwart Peter Kaliaropoulos as CEO for Zain in Lebanon and Vice Chairman & General Manager of ‘touch’ in Lebanon, the mobile operation Zain manages on behalf the Lebanese government. Mr. Kaliaropoulos’ appointment is effective immediately, and will see him continuing the healthy foundation of transformation undertaken by Wassim Mansour over the past twelve months he has held the position of General Manager. Mr. Mansour will be returning to a senior management role within Zain Group.

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Zain’s joint stock company in Iraq, ‘Al-Khatem’, lists on Iraqi Stock Exchange, completes first day of trading

June 23, 2015

Zain’s joint stock company in Iraq, ‘Al-Khatem’, lists on Iraqi Stock Exchange, completes first day of trading

Further to the joint agreement and memorandum announced on April 28, 2015 between Al-Khatem J.S.C, parent company of Atheer Telecom Iraq Limited (trading under the brand name “Zain” in Iraq), the Iraqi CMC (Communications and Media Commission), the ISC (Iraq Securities Commission), the ISX (Iraq Stock Exchange), and the IDC (Iraq Depositary Center), Al-Khatem announces the completion of its listing procedure and fulfilling all of its obligations towards the regulators in a successful manner within the required two months. Al-Khatem has now commenced trading its shares on the exchange and is open to public investment.

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Zain Group unveils 2015 Ramadan television commercial, 600,000 views on YouTube in first two days

June 19, 2015

Zain Group unveils 2015 Ramadan television commercial, 600,000 views on YouTube in first two days

Zain Group unveiled its new advertising campaign for the holy month of Ramadan, based on a television commercial that spreads a message of love and generosity to those who need it most to make their world a wonderful one. This year, Zain’s Ramadan campaign focuses on humanitarianism, aimed at bringing joy to children who have been robbed of their happiness and childhood due to their dire situation.

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Zain Group lends its support to global Business Backs Education Framework

June 17, 2015

Zain Group lends its support to global Business Backs Education Framework

Zain Group announced its adoption of the globally recognized and supported ‘Business Backs Education’ (BBE) Framework, which seeks the support of the private sector for education-related initiatives in the same quantum as healthcare issues are championed by corporate entities across the globe.

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Zain Group invests in Wamda Capital’s Venture Fund

May 31, 2015

Zain Group invests in Wamda Capital’s Venture Fund

Zain Group, announces its second foray into venture capital investment through a strategic participation in Wamda Capital’s growth stage venture fund. Wamda Capital, which is aiming to raise up to $75 million, will provide long-term funding for early and growth stage technology companies in the MENA region that have the potential to grow quickly. Anchor investors of the fund include the World Bank’s International Finance Corporation (IFC).

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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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RCN (Regional Cable Network), New Terrestrial route connecting ME to Europe, goes live

May 10, 2015

RCN (Regional Cable Network), New Terrestrial route connecting ME to Europe, goes live

May 10, 2015 saw the launch of RCN (Regional Cable Network), a consortium between Etisalat (UAE), Zain Jordan, Turkcell Superonline Turkey, Mobily Saudi Arabia, Orange Jordan and Syrian Telecom Syria who jointly announced the commercial launch of a high-capacity terrestrial fibre network that will run from Fujairah to Riyadh and then to Amman during the initial phase.

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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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A Wonderful World