Press Releases

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Zain KSA reports solid first quarter 2014 financial performance

April 16, 2014

Zain KSA reports solid first quarter 2014 financial performance

Zain Saudi Arabia reported solid financial results for the first quarter of 2014. During the three month period ending 31 March 2014, the mobile operator's EBTIDA increased 45% year-on-year to SAR 300 million (US$80 million). Net losses narrowed by 20% year-on-year, and by 31% quarter-on-quarter. Notably the operator saw a phenomenal 68% rise in data revenues year-on-year.

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Zain Group secures US$ 250 million four-year Murabaha facility led by Boubyan Bank

April 02, 2014

Zain Group secures US$ 250 million four-year Murabaha facility led by Boubyan Bank

Zain Group, a pioneer of mobile telecommunications in eight markets across the Middle East and Africa, has secured a US$250 million four-year Murabaha facility from a syndicate of financial institutions led by Kuwait-based Boubyan Bank and with the participation of Kuwait International Bank and Qatar Islamic Bank.

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“Drive Zain” social media campaign receives 1.6 million views on YouTube

March 23, 2014

“Drive Zain” social media campaign receives 1.6 million views on YouTube

Zain Group, a pioneer in mobile telecommunications across eight markets in the Middle East and Africa announces the overwhelming success of its latest Drive Zain road safety Corporate Social Responsibility campaign, which has received 1.6 million views on YouTube from across the globe in a space of just 3 weeks since its launch at Mobile World Congress in Barcelona at the end of February.

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Zain Saudi Arabia awarded Middle East Telecoms Deal of the Year 2013

March 15, 2014

Zain Saudi Arabia awarded Middle East Telecoms Deal of the Year 2013

Zain Group is proud to announce that its operation in Saudi Arabia has been singled out as the recipient of the Middle East Telecoms Deal of the Year 2013 by UK-based ProjectFinance magazine for having closed two facilities, namely a SAR 8.63 billion (US$ 2.3 billion) Murabaha facility in July 2013 and a SAR 2.25 billion (US$ 600 million) facility in June 2013.

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Zain KSA Board of Directors appoints Eng. Farhan Al Faisal as Chairman

March 10, 2014

Zain KSA Board of Directors appoints Eng. Farhan Al Faisal as Chairman

Zain Saudi Arabia Board of Directors announces the appointment of Eng. Farhan Bin Naif Al Faisal Al Jarbaa as Chairman of the company, replacing Mr. Fahad Ibrahim Al Dughaither who resigned from the position for personal reasons, but will still hold a membership in the Board of Directors. This was announced following a meeting of the Board on Monday, 10 March, 2014.

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