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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 7 countries across the Middle East with 6,000 employees providing a comprehensive range of mobile voice and data services to over 41.4 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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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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Financial Highlights
For the first half of 2011, the Zain Group recorded consolidated revenues of KWD 659.4 million (US$ 2.381 billion), reflecting a positive 2% increase on the same period in H1-2010. The period witnessed net income increasing to KWD 140.2 million (US$ 506.5 million), an impressive 17% increase on the same period in H1-2010. Year-on-year customer growth across all operations in which Zain operates was 16%, whereby the company was serving 39.6 million managed active customers as of June 30, 2011..
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Customer base per country as of September 30, 2011
The quarter ending September 30, 2011 has witnessed a healthy 17% growth in active customer numbers in the Middle East to total 41.3 million across the Zain Group of companies.
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Corporate Governance
Zain firmly believes effective corporate governance will in the long term improve our performance, thus benefiting all stakeholders and ultimately serving the public interest. Companies with a professional and positive commitment to corporate governance are stronger and have a greater record of achievement...
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