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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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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 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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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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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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