Mobile Telecommunications (ZAIN)

Mubasher: National Mobile Telecommunications Company (Ooredoo) has entered exclusive negotiations with Mobile Telecommunications Company (Zain Group) and UAE-based TASC Towers Holding to establish the largest tower firm in the MENA region. The …

Mubasher: Kuwait's Mobile Telecommunications Company (Zain) has launched Zain Ventures to explore future investment opportunities in the venture capital, financial technology (fintech), and the technology world, with a focus on digital innovations …

Mubasher: Kuwait's Mobile Telecommunications Company (Zain) will invest in the newly-formed business combination between the Dubai-based ridesharing app Swvl and Nasdaq-listed Queen's Gambit Growth Capital, the first special purpose acquisition …

Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …

Riyadh – Mubasher: Zain Group's Vice-Chairman and CEO, Bader Nasser Al-Kharafi, said the successful competition of Zain KSA's capital restructuring enhances its capabilities to expand its strategic investments in the Saudi telecommunications …

 Riyadh – Mubasher: The extraordinary general meeting (EGM) of Mobile Telecommunication Company Saudi Arabia (Zain KSA) has approved to raise its capital by 100.3% through rights issue trading. The company will increase its capital to SAR 8.987 …

Mubasher: The three mobile telecom service providers in Kuwait will offer every subscriber five gigabytes (GB) of internet usage free of charge every day for a month, Kuwait News Agency (KUNA) reported. The Communication and Information Technology …

Mubasher: Mobile Telecommunications' (Zain) ordinary general meeting (OGM) on Thursday approved the board of directors’ proposal to distribute a cash dividend of 33 fils per share or 33% of the capital for 2019. The distributions will be to …

Mubasher: Mobile Telecommunications’ (Zain) consolidated net profit grew 10% year-on-year to KWD 217 million ($715 million) in 2019. The company’s revenue surged 26% YoY to KWD 1.66 billion last year, while earnings per share reached 50 fils, …

Mubasher: Mobile Telecommunications (Zain) signed a final sale and leaseback agreement valued at $130 million (KWD 40 million). Zain Kuwait will sell 1,620 telecom towers to IHS Holding Limited Company, with Zain retaining 30% stake in the new …

Mubasher: National Bank of Kuwait (NBK) and Mobile Telecommunications (Zain) signed an agreement to provide discounts and benefits to their small- and medium-sized enterprise (SME) customers, the largest SME customer base in Kuwait. Under the …

Mubasher: A Kuwaiti court of first instance rejected a case filed by Mobile Telecommunications (Zain) with the undersecretary of the Kuwaiti Finance Ministry over the national labour support tax for the year 2010. Zain will appeal the court’s …

Mubasher: Mobile Telecommunications (Zain) announced that its operations in Saudi Arabia and Kuwait have launched the first fifth-generation (5G) roaming service across the Middle East and North Africa (MENA) region. This move is aimed at …

Mubasher: Mobile Telecommunications (ZAIN) reported a 12% in profits during the first nine months of the year, as shown by the company’s financial statements. Profits amounted to KWD 153 million ($504 million) in the nine-month period ended 30 …

By: Mohammed Farouk Mubasher: The profit of the three Kuwait-listed telecom companies grew by 13.5% in the second quarter of 2019, recording KWD 69.04 million ($277.43 million), compared to KWD 60.84 million ($200.43 million) in the year-ago …

Mubasher: Mobile Telecommunications (ZAIN) reported a 13% year-on-year profit increase during the first six months of 2019, recording KWD 97 million ($321 million). Consolidated revenue jumped 61% to KWD 811 million in H1-19 versus KWD 503 million …

By: Mohamed Farouk Mubasher: Mobile Telecommunications (Zain) and Agility Public Warehousing are forecast to achieve an increase of 8.7% and 5.4%, respectively, in their profits during the first six months of 2019, capital market analyst Ahmed …

Mubasher: Mobile Telecommunications (ZAIN) reported a 111% year-on-year increase in earnings before interest, tax, depreciation, and amortisation (EBITDA) during the first quarter of 2019, recording KWD 178 million ($586 million). Zain’s …

Mubasher: The ordinary general meeting (OGM) of Mobile Telecommunications (Zain) approved the board’s recommendation to distribute 30% of the capital as cash divined for fiscal year 2018. The leading telecom company in Kuwait, Zain, will pay 30 …

By: Mahmoud Gamal Abu Dhabi – Mubasher: Eight GCC telecommunications companies ranked among the world’s 300 top valuable telecoms operator brands in 2019, according to a recent study by Brand Finance. The UAE telecom operator Emirates …

Mubasher: HSBC has modified its recommendation on the stock of Mobile Telecommunications (Zain) to “Buy” from “Hold”. The London-based banking group has estimated the fair value (FV) of Zain at 550 fils, an increase of 20% when compared to the …

Mubasher: The Kuwait Investment Authority (KIA) reduced its stake in Mobile Telecommunications (Zain) by 0.39% to 24.22% on Tuesday, according to a filing at Boursa Kuwait. KIA, one of the world's biggest sovereign wealth funds, is the largest …

Mubasher: Mobile Telecommunications (Zain) achieved an increase of 26% in profits during the third quarter of 2018 compared to the same period a year ago. Earnings grew to KWD 51 million ($168.3 million) in Q3-18 from KWD 40.2 million ($132.6 …

Mubasher: Zain Group has signed a memorandum of understanding (MoU) with Huwaei in the field of cloud computing, according to a recent statement. Following this cooperation deal, Zain will become a strategic partner in the offering of Huawei Cloud …

Mubasher: Mobile Telecommunications (Zain) has launched the new high-speed wireless Internet service BEAM, according to a recent statement. BEAM service is expected to use advanced wireless broadband technology, as part of the steps Zain is …