Monday , October 23 2017

Tag Archives: Zain

Kuwait index ends little changed in choppy trade – Zain rallies 14 fils; Humansoft Holding slides

KUWAIT CITY, Sept 17: Kuwait stocks were little changed on Sunday as it kicked off the week on a tame note. The price index eased 2.16 points in choppy trade to 6,911.7 points even as overall sentiment remained mixed. Most of the heavyweights however closed in green. The KSX 15 …

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Zain and Omantel complete share sale on Boursa Kuwait for $846.1m – Deal provides impetus to Zain business and digital growth strategy: Al-Kharafi

KUWAIT CITY, Aug 24: Mobile Telecommunications Company (“Zain”) and Oman Telecommunications (“Omantel”) are pleased to announce that Omantel has won the bid to acquire 425.7 million treasury shares representing 9.84% of Zain’s fully paid in and issued share capital at an offer price of KD 0.600 per share, representing a …

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Zain posts stable net income of KD 82m for H1 – Revenues reach KD 508 million with EBITDA margin of 41.7% for first half of 2017

KUWAIT CITY, Aug 6: Zain Group, the leading mobile telecommunications pioneer with operations in eight markets across the Middle East and Africa, announces its consolidated financial results for the six months to June 30, 2017. The company ended the period serving 45.2 million customers. For the first six months of …

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Zain Saudi continues to grow, records profitability for second straight quarter – Net profit reaches SAR 53 million for H1 2017

KUWAIT CITY, Riyadh, Aug 2: Zain Saudi Arabia (Zain KSA) reported its second consecutive quarterly net profit and its first ever, half year net profit for the period ending 30 June 2017. Data services growth leveraging the advanced 4.5G LTE network, prudent management of operational costs and the effect of …

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Zain All-Stars beat Arab All-Stars

Fans of the ongoing 38th Late Abdullah Meshari Al-Rawdhan Ramadan Futsal Tournament 2017 experienced delight and were filled with pleasure when they watched the first dream game of this year’s tournament which featured the Manchester United legend and former Welsh football superstar Ryan Giggs, and the former Libyan national team …

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Zain Diamond sponsor of 38th Al-Roudhan Football Tournament – Event under the patronage of HH the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah

KUWAIT CITY, May 17: Zain, the leading telecommunications company in Kuwait, announced its Diamond sponsorship of the 38th edition of Al Roudhan Ramadan Football Tournament for the second consecutive year. The event comes under the patronage of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah. The announcement was made …

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Zain net income rises 3% to KD 38mn in Q1 – Group generates revenues of KD 247 mn; serves 46.1 million customers, up 1.4% y/y

KUWAIT CITY, May 2: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces its consolidated financial results for the first quarter (Q1) ending March 31, 2017. Zain served 46.1 million customers at the end of the period, reflecting a 1.4% increase year-on-year …

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Zain Saudi posts first-ever quarterly profit in Q1

Co revenues up 9% to SAR 1,919 million in Q1 RIYADH, April 12: Zain Saudi Arabia reported its first ever quarterly net profit for the three months ending March 31, 2017 driven by revenue growth and optimization of its operational cost structure. Key performance indicators for the first quarter Q1, …

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Zain holds OGM, approves 35 fils cash dividend – New BoD appoints Mohannad Al-Kharafi as Chairman and Bader Al-Kharafi as Vice-Chairman and CEO of Group

KUWAIT CITY, March 12: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa announces holding its annual Ordinary General Assembly at the company’s headquarters in Shuwaikh, Kuwait today, and after satisfying the legal quorum requirements with 66.79%, approved the distribution of a cash …

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Zain towers sale near

KUWAIT CITY, March 12, (RTRS): Kuwaiti telecommunications group Zain has reached the final stages of selling its mobile transmitter towers in the country, the company’s vice chairman Bader Nasser Al-Kharafi said on Sunday. The company is awaiting approval from the telecommunications regulator, Al-Kharafi said at a shareholder meeting. He did …

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