Our Strengths
1. Our financial status
Our market capitalisation indicates Zain Group is competitively valued relative to its peers based on global benchmarks.
On June 8, 2010 Zain announced that it has now satisfied all required conditions precedent to closing of the sale of 100% of Zain Africa BV (“Zain Africa”) to Bharti Airtel Limited (“Bharti”) for US$10.7 billion on an enterprise basis. The 15 countries that Bharti Airtel acquired from Zain in Africa, were: Burkina Faso, Chad, Democratic Republic of the Congo, Republic of the Congo, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia.
Financial institutions across the globe have shown confidence in Zain by extending to us favorable credit facilities of over USD$25 billion since 2003.
Zain has an extremely strong balance sheet, so we have multiple sources of funding that allow us to move forward with our expansion strategy.
Year on year, Zain Group continues to perform well financially to the satisfaction of shareholders. The group’s consolidated results for the Year 2010 have recorded the following:
- As at December 31, 2010 our customer base of 37.2 million increased by 23% compared to December 31, 2009;
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Consolidated Revenues for the period grew 7% yer on year to reach US$4.72 billion (KWD 1.35 billion)
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Net Income soared 445% to total US$3.675 billion (KWD 1.063 billion) made up of US$2.653 billion (KWD770.3m) capital gain from sale of Africa Assets and US$1.022bn (KWD 293m) for the operational year, a 50% increase on 2009
- The company’s consolidated EBITDA increased by 6% for the same period to reach KWD 616 million (US$ 2.15 billion) reflecting an EBITDA margin of 46%, with EBIT rising 4% to reach KWD 449 million (US$1.57 billion).
In short: We regularly exceed our investors’ expectations, and we intend to continue doing so.
To view our latest financial results as of June 30, 2011 click here or to download our 2010 Annual Report,click here
2. Strong brand recognition
Across each of the group’s key markets, Zain has one of the most recognisable and strongest brand presences supported by strong promotion and sponsorship programmes. The Corporate Communications & Relations department of Zain Group in coordination with the marketing and communications departments of each individual operator work hand-in-hand in promoting Zain’s objectives and in supporting the communities in which we operate.
Zain is the dominant brand in the Middle East.
3. Zain Group Synergies
With clear strategic objectives and an integrated, convergent approach to customer service and market expansion, Zain is able to leverage its considerable resources across the group to maximise returns to shareholders. This goal has been realised by:
- Maintaining a technological edge across the whole group to achieve market differentiation across all the group’s operations;
- Providing unsurpassed customer service as a key competitive advantage to maintain and expand market share in each operation
- Exploiting group synergy at all levels (marketing, operational and technical) to reduce costs, to benefit from operational and technical development, and to provide unique services to Zain’s customers.
More specifically, having a number of operations across different markets enables Zain to:
- Leverage group benefits to provide advanced roaming services and better customer care to retain high-value customers;
- Leverage scale in purchasing power with suppliers
- Leverage resources, expertise and know-how from different areas of the group. For instance, Zain in Kuwait will be able to benefit in its commercial launch of 3G services from the experience gained from rolling out 3G in Bahrain.
Zain Channel