Zain’s additional stake acquisition is estimated at a cost of $134m
Zain Group
Latest in Zain Group
4G
Kuwait’s Zain Group profits jump 22% to $165 million amid aggressive non-telco investments
The financial results come as the telecom provider ramps up investments in 4G and 5G network upgrades expansion, as well as its aggressive approach to venturing out of the telecom space
Public Investment Fund
Saudi wealth fund PIF leads consortium in $807m Zain towers deal
Zain Saudi Arabia approves binding offer submitted by the Public Investment Fund-led consortium to acquire 80% stake
Central Bank of Saudi Arabia
Saudi Arabia awards first licence to offer consumer micro-loans in less than 5 mins
Saudi Central Bank gives licence to Zain’s Tamam to provide micro-financing services
4G
Baghdad is safer than Chicago, says Zain Iraq CEO Ali Al Zahid
War and weak customer spending is a nightmare for most companies, but not Iraq’s largest telco. led by its ambitious CEO, Ali Al Zahid, Zain Iraq is witnessing a surge in profits
CIBC
Zain KSA agrees $600m Murabaha facility
Deal to refinance existing $600 million facility with Commercial and Industrial Bank China
Telecoms
Telco Zain reports strong revenue, profit growth in Q1
Telecoms operator Zain Group says Q1 results would have been stronger but for currency fluctuations that hit Sudan unit
Bader Al-Kharafi
Startup hub Zain Innovation Centre inaugurated in Kuwait
Zain Group CEO Bader Al Kharafi said the centre will link entrepreneurs with angel investors and large technology companies
mobile service provider
Kuwait’s Zain reports 16% increase in Q4 profit
Figures boosted by turnaround in the Saudi and Iraqi operations
40 and under
A man on a mission: Bader Nasser Al Kharafi
Zain Group CEO Bader Nasser Al Kharafi, who, at 40 years old, says he is driven by a passion to help young people advance their careers, empower women, and build a better future for the region
digital transformation
Omantel completes $2bn acquisition of Zain shares
Acquisition creates a new digital telecom powerhouse in the region
Bader Nasser Al Kharafi
Zain Group reports 7% drop in Q3 net income
Sudanese currency’s devaluation impacted the overall results for the quarter and year-to-date