Mobile Telecommunication Company Saudi Arabia (ZAIN KSA) News - Mubasher Info
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16 May 05:24 AM

Mobile Telecommunication Company Saudi Arabia (7030)

Last update: 14 May 03:17 PM market time.
10.95
-0.15
-1.35%
Open 11.10
Previous Close 11.10
High 11.20
Low 10.95
Stock Statistics
Volume 4,484,881
Turnover 49,596,070.57
All data are 15 minutes late during market session

News

The company’s license has been extended from an original 25 years to 40 years- (Photo archive)
3 October 2016 01:49 PM Zain KSA to save SAR 433m/yr from license extension – CEO
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) announced that the granted 15-year extension to its license will save SAR433 million per year. “The amortisation charge associated with our license will be lower as we …
Companies Investments
The KSA Government will have an entitlement of 5% of Zain Saudi Arabia’s annual net income (Photo Credit: Arabianeye-Reuters)
3 October 2016 08:34 AM Zain KSA operating license extended for 15 yrs
Mubasher: Zain Saudi Arabia received a 15 Hijri year extension on its operating license to be expired in January 2047, following a notification from the Kingdom’s Communications and Information Technology Commission (CITC), according to a …
Corporate Actions
The arbitral tribunal informed the two companies that they will be notified of the date of the judgment later.
2 October 2016 09:47 AM Mobily-Zain arbitration case set for adjudication
Riyadh – Mubasher: The lawsuit filed by Etihad Etisalat Company (Mobily) against the Saudi Mobile Telecommunications Company (Zain) was reserved for review and consideration. The two companies said on Sunday that they attended on Saturday a …
Companies Investments
Photo Credit: Arabianeye-Reuters
2 October 2016 09:21 AM CMA suspends trading on telecom firms
Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) said that the four telecommunication companies listed on the Saudi Exchange (Tadawul) will be suspended. CMA announced that the suspension will start from Sunday, 2 October until the …
Trading Activities
The commission aims to promote competition- (Photo Archive)
28 August 2016 04:00 PM CITC sets new licence for broadband satellite services providers in KSA
Riyadh – Mubasher: Saudi Communications and Information Technology Commission (CITC) offers a new licence to provide broadband satellite services in the Kingdom. CITC named the services that could be provided, will be broadband satellite output …
Companies Investments
he agreement's value amounts to SAR 2.25 billion- (Photo Archive)
16 August 2016 08:47 AM Zain KSA inks SAR 2.25bn loan facility
Riyadh - Mubasher: Saudi Mobile Telecommunications Co. (Zain KSA) signed on Monday a long-term commercial loan facility agreement with the Industrial and Commercial Bank of China to replace an existing syndicated facility. The agreement's value …
Banking and Finance
Total profit margin hiked 64.6% or 745 base points in Q2-16- (Photo archive)
9 August 2016 04:17 PM Saudi Fransi maintains ‘Buy’ on Zain KSA
Riyadh – Mubasher: Saudi Fransi Capital maintained its “Buy” recommendation on Saudi Mobile Telecommunications Co. (Zain KSA), setting the price target at SAR 10.6 per share. Saudi Fransi evaluation came after Zain KSA’s announcement of its …
Ratings
Zain KSA posted a 63.68% increase in losses in َ2-16- (Photo archive)
9 August 2016 03:29 PM Zain KSA keeps eye on STC, Mobily latest deal - CEO
Riyadh – Mubasher: Saudi Mobile Telecommunications Co. (Zain KSA) is keeping an eye on the latest agreement signed between Saudi Telecom Company (STC) and Mobily, Hassan Kabbani, CEO of Zain told CNBC Arabia channel. Kabbani added that if the …
Companies Investments
Selling the towers will be the first of its kind in the Middle East- (Photo Credit: Arabianeye-Reuters)
7 August 2016 03:01 PM STC, Mobily joint deal to have positive impact on operating margins - Analyst
By: Mohamed Idris Riyadh – Mubasher: The agreement signed by the Saudi Telecom Company (STC) and Mobily will boost the operating margins as well the profit per share of both companies, according to market analysts. STC signed a memorandum of …
Companies Investments
The companies' net profits increased 1% to SAR 3.7 billion in H1-16- (Photo Archive)
4 August 2016 02:27 PM Three KSA telecom firms post SAR 1.6bn profits in Q2
By: Thabet Shehata Riyadh – Mubasher: Net profits of three Saudi-listed companies in the telecommunication sector grew 6.8% year-on-year to SAR 1.56 billion ($414.6 million) in the second quarter of 2016 from SAR 1.46 billion ($388.27 million). …
Financial Results
Zain maintained positive results in H1 - (Photo Archive)
28 July 2016 08:57 AM Zain losses up in Q2 despite 5% rise in revenues
Riyadh - Mubasher: Saudi Mobile Telecommunications Co. (Zain KSA) posted on Thursday a 63.68% increase in losses in the second quarter of 2016 to SAR 329 million ($87.7 million), compared to SAR 201 million ($53.6 million) in the same quarter last …
Financial Results
Zain KSA Chief Financial Officer Wissam Farhat (Photo Archive)
5 June 2016 02:04 PM Refinance deal comes within Zain’s transformation plan
Riyadh-Mubasher: The refinancing agreement signed by Saudi Mobile Telecommunications Co. (Zain KSA) comes as part of its transformation plan, according to Zain KSA Chief Financial Officer Wissam Farhat. The success of Zain KSA’s plan contributed …
Banking and Finance
The agreement was signed on 2 June 2016 (Photo archive)
5 June 2016 09:33 AM Zain signs SAR 2.25bn refinancing agreement
  Riyadh – Mubasher: Saudi Mobile Telecommunications Co.  (Zain KSA) inked a two-year long-term commercial refinancing agreement, extendable to an additional one year, with a total value of SAR 2.25 billion, with a banking coalition led by the …
Banking and Finance
Net profits for the three operators retreated 2.72% (Photo credit: Arabianeye-Reuters)
4 May 2016 05:41 PM Operational expenses boost Mobily, pressure Zain, STC in Q1 – Report
  By: Thabet Shehata Riyadh – Mubasher: Playing a major role in Saudi telecom firms' profits in Q1-16, operational expenses positively impacted Etihad Etisalat "Mobily" and turned the company profitable, but seemed to have an adverse effect on …
Financial Results
Zain CEO Hassan Kabbani (photo archive)
21 April 2016 04:46 PM Zain sees 2-year revenue growth of 9% - CEO
  By: Mohamed Abu Meleeh Riyadh – Mubasher: The Mobile Telecommunications Company, which operates under the name “Zain”, has achieved a growth in revenues between 7-9% over the past two years, a significant rise considering the ongoing problems in …
Financial Results
An increase in revenues by 7% helped trim Zain's losses (Photo Credit: Arabianeye-Reuters)
21 April 2016 09:26 AM Zain posts losses in Q1, sees all-time high revenues
  Riyadh – Mubasher: Mobile Telecommunications Company Saudi Arabia, which operates under the brand name “Zain” on Thursday reported a net loss of SAR 250 million ($66.6 million) in Q1-16, a decline of 3% from SAR 257 million ($68.53 million) …
Financial Results
Photo Credit: Arabianeye - Reuters
11 April 2016 11:27 AM Mobily, Zain to generate $3bn from towers sale – Report
Riyadh – Mubasher: The sale of transmitter towers owned by telecom firms Zain and Mobily will likely lead to a substantial reduction in financial leverage, said Saudi Fransi Capital in a report. It added that Mobily is estimated to generate around …
Sector Reports
STC revenues is expected to reach SAR 13 billion ($3.47 billion) in Q1-16. (Photo credit: Arabianeye - Reuters)
7 April 2016 11:48 AM Saudi Fransi recommends ‘Buy’ on STC, ‘Hold’ on Mobily, Zain
By: Mohammed Abu Meleeh Riyadh – Mubasher: Saudi Telecom Company (STC) revenues is expected to reach SAR 13 billion ($3.47 billion) in the first quarter of 2016, according to a report by Saudi Fransi Capital (SFC). The report, released on …
Financial Results
Asaad Al Banwan, chairman of Zain Group
25 March 2016 09:46 AM Zain KSA to post solid results in 2016, says Al-Banwan
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 …
Financial Results
Photo Archive
20 March 2016 03:04 PM Zain gains most since December 2015
Riyadh-Mubasher: Zain KSA stock extended its upward trend for the third straight session, hitting its highest since 7 December 2015 amid a strong trading activity. The stock rose 9.43% or SAR 0.75 to SAR 8.70 at 2:30pm Riyadh time. A total of …
Trading Activities
Mr. Hassan Kabbani, Chief Executive Officer of Zain Saudi Arabia
25 February 2016 00:03 PM Zain Saudi Arabia achieves record results in 2015 – Kabbani
Riyadh – Mubasher: Zain Saudi Arabia achieved unprecedented financial results in 2015, reaching a breakeven point at all levels of operating profits for the second and third quarters of 2015, stated Mr. Hassan Kabbani, Chief Executive Officer of …
Financial Results
Photo Archive
22 February 2016 02:45 PM Fransi Capital recommends ‘Hold’ on Zain KSA, Mobily
Riyadh-Mubasher: Saudi Fransi Capital (SFC) recommended ‘Hold’ on Mobily and Zain KSA, setting their price targets at SAR 23.1 and SAR 5.3, respectively. SFC placed a ‘Buy’ recommendation on Saudi Telecom Co. (STC), setting its price target at SAR …
Stock Evaluations
Photo Archive
11 February 2016 05:13 PM Zain KSA opens board nomination
Riyadh – Mubasher: Saudi Mobile Telecommunications Co.  (Zain KSA) announced opening nomination for board membership for the three-year term, from 14 till 29 February.
Corporate Actions
Photo Archive
4 February 2016 08:54 AM Zain KSA accepts board member’s resignation
Riyadh - Mubasher: Saudi Mobile Telecommunications Co.  (Zain KSA), announced that its board of directors accepted the resignation of Fahd bin Ibrahim Al Dughaither, a non-executive member, which was submitted last Tuesday for personal reasons. …
Corporate Actions
Photo Archive
2 February 2016 06:27 PM BofA: 2016 “a significant” year of de-risking for Zain KSA
Riyadh – Mubasher: Bank of America Merrill Lynch said it believes 2016 could represent a significant year of de-risking for Zain KSA as it explores various channels to lower leverage in 2016. “Whilst management have various channels to achieve …
Stock Evaluations