Tuesday , September 25 2018

Tag Archives: Zain

Zain’s internal e-platform, Zainiac, selects three initiatives

To remain innovative and competitive, we need to generate ideas: Bader Al Kharafi KUWAIT CITY, Sept 15: Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa, is pleased to announce it is offering full financial and strategic support to three startup initiatives, which …

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Zain completes five-year $700m loan refinancing

RIYADH, Aug 30, (RTRS): Kuwait based telecommunications group Zain has completed a five-year, $700 million revolving credit facility with a number of regional and international banks. The new facility refinances an $800 million revolving syndicated loan completed in 2014 and will be used for general corporate purposes, according to a …

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Zain H1 net profit rises 5% to KD 86.4 mn

Data revenue up 10%; customer base grows 5% to reach 47.4 million KUWAIT CITY, July 31: Zain Group, a leading mobile innovator with operations in eight markets across the Middle East and Africa, announces its consolidated financial results for the six months to 30 June 2018. Zain served 47.4 million …

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Zain KSA refinances its SAR 5.9 billion existing Murabaha facility for five years

Agreement includes working capital facility of SAR 647 million for two years RIYADH, June 6: Mobile Telecommunications Company Saudi Arabia (Zain KSA) announces that it has successfully refinanced and extended the maturity date of its existing syndicated SAR 5.9 billion ($1.57 billion) Murabaha facility for five years. Additionally, the agreement …

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Zain Q1 net profi t rises 7% to KD 41 mln

Revenue grows 5% to reach KD 259mn; Kuwait and Iraq operations perform strongly in quarter: Al-Kharafi KUWAIT CITY, May 10: 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, 2018. …

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Zain Innovation Center startup hub inaugurated in Kuwait

Minister of Commerce and Industry, Al-Roudhan attends inauguration ceremony KUWAIT CITY, May 7: Zain Group, a leading mobile telecom innovator in eight markets across the Middle East and Africa, announces the opening of its Zain Innovation Center (ZINC) in Kuwait. Located within the Zain Head Offices, ZINC Kuwait falls within …

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Zain concludes Strategic Partnership of Arab Media Forum

Zain Kuwait CEO Al Roudhan attends event KUWAIT CITY, April 28: Zain, the leading telecommunications company in Kuwait, concluded its Strategic Partnership of the 15th edition of the Arab Media Forum under the patronage of H.H. the Prime Minister Sheikh Jaber Mubarak Al Hamad Al Sabah and the attendance of …

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Zain holds AGM, OKs cash dividend of 35 fils – Two new members elected to Board of Directors; Al Tahous, Chairman and Al-Kharafi as Vice-Chairman and Group CEO

KUWAIT CITY, March 28: Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa announces the holding of its Annual General Assembly (AGM) at the company’s headquarters in Shuwaikh, Kuwait today. After satisfying the legal quorum requirements with 74.97%, the shareholders approved the distribution …

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Zain Group supports Kuwait Investment Forum 2018 – We will play significant role in development of infrastructure for Kuwait islands project and smart cities: Al-Kharafi

KUWAIT CITY, March 21: Zain, the leading telecommunications network in Kuwait supported the Kuwait Investment Forum 2018 (KIF 2018), that was held under the patronage and in the presence of His Highness the Amir Sheikh Sabah Al-Ahmad Al-Jaber Al-Sabah at Bayan Palace and Jaber Al Ahmad Cultural Center (JACC), between …

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Zain signs MoU with Huawei Technologies – Group vows to focus on digital transformation, talent development

BARCELONA, March 6: Zain, a leading telecommunications provider in the Middle East and Africa, vowed to further expand focus on digital transformation and talent development, through signing a memorandum of understanding (MoU) with Huawei Technologies. The signing took place during MWC 2018 in Barcelona in the presence of Zain Vice …

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