Mobile Telecommunication Company Saudi Arabia (ZAIN KSA) News - Mubasher Info
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11 April 10:22 AM

Mobile Telecommunication Company Saudi Arabia (7030)

Last update: 9 April 03:19 PM market time.
11.56
0.03
0.26%
Open 11.50
Previous Close 11.53
High 11.57
Low 11.47
Stock Statistics
Volume 1,288,674
Turnover 14,862,167.49
All data are 15 minutes late during market session

News

The expansion supports the kingdom’s digital transformation process
11 August 2020 03:26 PM Zain KSA presents 5G coverage to 35 Saudi cities
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) has expanded its 5G service network coverage to five more cities in Saudi Arabia, bringing the total number of covered cities to 35. With this achievement, each of …
Macroeconomics
Zain KSA recorded net profits for the eighth consecutive quarter
14 July 2020 09:20 AM Zain KSA reports 55% plunge in Q2 earnings
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) registered SAR 59 million in net profits after Zakat and tax during the second quarter (Q2) of 2020, down by 54.6% from SAR 130 million in the corresponding period in …
Financial Results
The MoU was signed on 2 July
5 July 2020 10:06 AM Zain KSA, Mobily to raise participation in telecom towers
Riyadh - Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) has signed a Memorandum of Understanding (MoU) with Etihad Etisalat Company (Mobily) to form a joint committee from both parties. The committee will prepare and offer a …
Companies Investments
STC’s net profit decreased by 0.23% YoY in 2019
18 February 2020 09:36 PM Three Tadawul-listed telecom companies post SAR 11.27bn profit in 2019
Riyadh – Mubasher: The consolidated net profits of three telecommunication companies listed on the Saudi Stock Exchange (Tadawul) grew by 2.57% year-on-year to SAR 11.27 billion in 2019, according to data compiled by Mubasher. Saudi Telecom …
Financial Results
Zain plans a capital cut and a subsequent capital increase through a rights issue
10 February 2020 05:06 PM Zain KSA announces 28% capital cut
Riyadh – Mubasher: The board of the Mobile Telecommunication Company Saudi Arabia (Zain KSA) to amend its recommendation to reduce the company's capital. The company’s capital will be reduced around 28% from SAR 5.84 billion to SAR 4.23 billion, …
Management Decisions
Zain reported a net annual profit of SAR 485 million
5 February 2020 10:31 AM Zain KSA posts 46% growth in annual profit for 2019
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) reported a 46% increase in net profit for 2019, as shown by its consolidated annual financial results released on Wednesday. The net profit after Zakat and tax amounted to …
Financial Results
The authority obliged companies to dispense paper contracts
16 December 2019 03:57 PM Saudi Arabia requires telecom providers to use e-contracts
Riyadh - Mubasher: The Communications and Information Technology Commission in Saudi Arabia obliged all telecommunications service providers to use electronic contracts. The commission banned paper contracts in all its branches and outlets. This …
Macroeconomics
Zain KSA 5G network is the largest in the Middle East
10 December 2019 07:03 PM Zain KSA celebrates first phase of its 5G network
Riyadh – Mubasher: The Mobile Telecommunication Company Saudi Arabia (Zain KSA) celebrated the finalization of the first phase of the Middle East’s largest 5G network in Saudi Arabia on Sunday. The ceremony was attended by Zain Chairman, Prince …
Event
Zain turned profitable achieving a net profit worth SAR 380 million in 9 months
24 October 2019 04:16 PM Saudi Zain posts SAR 121m profits in 3M
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) disclosed its interim financial results for the third quarter of 2019. Net profits after zakat and tax soared by 152.1% to SAR 121 million in Q3-19, compared to SAR 48 million …
Company News
Firms were given 'Neutral' recommendation
13 September 2019 09:22 PM Beltone Research sets TP of Zain, Mobily
Riyadh – Mubasher: Beltone Research has set the target price (TP) of Mobile Telecommunication Company Saudi Arabia (Zain) and Etihad Etisalat Company (Mobily) at SAR 11.5 and SAR 22.5, respectively. The research company gave a ‘Neutral’ …
Stock Evaluations
Zain’s stock stood at SAR 13.40
14 July 2019 02:11 PM Saudi Zain’s stock hits highest level since 2015
Riyadh – Mubasher: The stock of Mobile Telecommunication Company Saudi Arabia (Zain) added 2.3% on Sunday’s mid-trade, touching the highest level since 2015. By 01:36 pm Saudi time, Zain’s stock stood at SAR 13.40. Investors registered the highest …
Trading Activities
Zain’s net profits stood at SAR 130 million in Q2-19
14 July 2019 09:57 AM Saudi Zain turns profitable in Q2
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) reported turning a profit during the second quarter of 2019. Zain’s net profits stood at SAR 130 million in Q2-19, against a loss of SAR 38 million in Q2-18, according to the …
Financial Results
Completing the re-lease deal was expected to attract an immediate inflow of approximately SAR 2.5bn.
25 June 2019 04:53 PM Zain calls off tower sales deal on regulations
Riyadh – Mubasher: Saudi Zain announced that the tower sales deal with IHS Holding has been cancelled, as HIS Global Limited, the buyer, was not able to fulfil the regulatory requirements. “We have received a letter from the Communications and …
Sector Reports
Zain KSA clarified that this decision will not have any financial impact
23 June 2019 05:01 PM Zain KSA not to sells mobile towers to IHS
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) has received a letter of notification from the Communications and Information Technology Commission (CITS) on 20 June 2019 regarding the mobile towers. The Saudi …
Companies Investments
The two-year facility could be extended for one year at Zain’s request
16 June 2019 05:11 PM Saudi Zain inks SAR 2.3bn Islamic credit facility
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) has signed a new Islamic Murabaha facility valued at SAR 2.25 billion to refinance its existing $599.808 million (SAR 2.250 billion) commercial loan with better terms. The …
Banking and Finance
Zain finished testing 5G services in more than seven cities
18 April 2019 09:47 AM Saudi Zain to roll out 5G internet services in Q3 – CEO
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) is expected to introduce fifth generation (5G) internet services in the kingdom by the third quarter of 2019, the CEO of the Saudi telecoms provider said. Zain finished …
Management Decisions
Zain’s net profits amounted to SAR 129 million in Q1-19
17 April 2019 09:54 AM Saudi Zain turns profitable in Q1
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) reported turning a profit during the first quarter of 2019. Zain’s net profits amounted to SAR 129 million during Q1-19, against a loss of SAR 77 million during Q1-18, …
Financial Results
Banks are forecast to witness higher profit growth of 18% in Q1-19
8 April 2019 03:24 PM Saudi petrochemical firms to see 22% profit drop in Q1 - AlJazira Capital
Riyadh – Mubasher: AlJazira Capital expected 37 Saudi-listed companies under its coverage to report a 4.8% year-on-year decline in their consolidated profit for the first quarter of 2019. Profits of petrochemical firms are expected to decrease by …
Company News
The deal also includes the building of other 1,500 towers
27 March 2019 08:43 PM Zain inks SAR 2.5bn deal to sell, leaseback over 8,000 towers
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) has signed a SAR 2.52 billion ($670 million) agreement with IHS Holding for the sale and leaseback of 8,100 towers.  Under the agreement, Zain will sell the towers and lease …
Companies Investments
The Saudi telecom operator will fund the spectrum’s fees from its operating flows and existing reserves.
18 March 2019 10:30 AM Zain acquires new spectrum at SAR 624m
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) announced acquiring 100 MegaHertZ (MHZ) of the additional spectrum in the 3.5 gigahertz (GHz) spectrum for 15 years at a value of SAR 624 million. The spectrum will be …
Management Decisions
The sector also participated with SAR 90 billion, or 4%, in the kingdom’s GDP last year
3 March 2019 01:47 PM Saudi telecoms sector logs SAR 130bn revenue in 2018
Riyadh – Mubasher: The Saudi telecommunications and information technology (IT) sector has achieved around SAR 130 billion in revenues during the full-year 2018, the kingdom’s telecommunications and IT minister said on Sunday. The sector also …
Sector Reports
The reduced loss was due to the increase in Zain’s revenues
13 February 2019 06:07 PM Saudi Zain trims accumulated losses to SAR 1.8bn
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) on Wednesday announced reducing its accumulated losses to 30.84% of its SAR 5.837 billion ($1.56 billion) capital from 38.77% previously. The announcement came with the …
Financial Results
27 January 2019 04:42 PM Zain reports SAR 332m profit in 2018
The telecom company attributed 2018 profit rise to an increase in revenue by SAR 225 million
Global Reports
The telecom company attributed 2018 profit rise to an increase in revenue by SAR 225 million
27 January 2019 10:14 AM Zain reports SAR 332m profit in 2018
Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain) on Sunday posted an increase in its net profit during the full year 2018, logging  SAR 332 million, compared to SAR 12 million in 2017. The telecom company attributed 2018 …
Financial Results
They agreed to consolidate the annual royalty fee and reduce it to 10% from 15% of net revenues as of 1 January 2018
16 December 2018 09:44 AM Zain, Saudi gov’t ink deal to consolidate annual royalty fee
Riyadh – Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain) on Sunday announced it has signed an agreement with the Ministry of Finance (MOF), the Ministry of Communications and Information Technology (MCIT), and Communications and …
Macroeconomics