ZAIN KSA
7030
-12.59%
12.08
-1.74
7030
Riyadh – Mubasher: Kuwait's Zain Group expects its Saudi Arabian subsidiary, or Zain KSA, to post strong financial results in 2016 after it trimmed losses in 2015, said Asaad Al-Banwan, chairman of Zain Group.
The Saudi telecom operator's revenues are improving thanks to strong Internet income, he told Alarabiya satellite channel.
Zain Kabbani's CEO Hassan Kabbani earlier said his company registered record results across main financial indicators in 2015.
He added that break-even point was reached at the level of operations in the second and third quarters.
Source:
Mubasher