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Introduction: Ahead & Growing
Zain (formerly MTC) is the pioneer of mobile telecommunications in the Middle East. Today, we are a leading wireless services provider with a commercial presence in 8 countries across the Middle East with over 5,000 employees providing a comprehensive range of mobile voice and data services to over 31.4 million active individual and business customers. On September 8, 2007 the company re-branded to Zain (www.zain.com) which becomes the Group’s corporate master brand with immediate effect.
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Milestones
Zain (formerly MTC) was established in 1983 in Kuwait as the first mobile operator in the region. Our successful track record is evident through the many firsts to our name and our expansion over the years......
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Strategy
The corporate strategy of Zain is ACE. It was developed to guide our organization towards becoming a global mobile telecommunications company. At the beginning of 2003, Zain started its ambitious expansion journey, labeled the “3x3x3” journey. Through this 9-year journey, Zain would expand, in 3-year intervals, from being a local mobile operator, to becoming a regional then international then global force in its industry....
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Financial Highlights
For the first quarter of 2010, the Zain Group recorded consolidated revenues of KWD 329.7 million (US$ 1.146 billion), an increase of 11% compared to same period in Q1-2009. The Company’s consolidated EBITDA reached KWD 139.2 million (US$ 483.7 million), EBIT of KWD 99.4 million (US$345.6 million) and net income reaching KWD 51.55 (US$ 179.1 million).The earnings per share reached 13 fils (US$0.05).
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Our Brand
Zain, formerly MTC, was the first mobile telecommunications company in the Middle East when it started its operations in Kuwait back in 1983. On September 8, 2007 MTC Group announced it has re-branded to Zain (www.zain.com) which became the Group’s corporate master brand with immediate effect. On August 1, 2008 all African operations then known as Celtel, also rebranded to Zain. The Zain brand and its new theme – A wonderful world - capture the energy, inspiration and diversity of the Group’s customers, employees and other stakeholders. The new signature logo and its colorful identity reflect the Group’s freshness, boldness and vitality...
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Customer base per country as of March 31, 2010
The quarter ending March 31, 2010 has witnessed a healthy 28% growth in active customer numbers in the Middle East to total 31.418 million across the Zain Group of companies.
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Our Strengths
Our strong financial status, our powerful brand recognition, our substantial growth over the years, the multitude of benefits we achieve through utilization of our group of company synergies all contribute in providing better services for our clientele and in increasing shareholder returns....
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