KUWAIT CITY, July 17: Zain Group, a leading telecommunications innovator operating in seven markets across the Middle East and Africa, announces its consolidated financial results for the six months to June 30, 2022. Zain served 51.7million customers at the end of the period, a 7.1% increase year-on
BOARD PROPOSES CASH DIVIDEND OF 23 FILS FOR H2 2021 KUWAIT CITY, Feb 10: Zain Group, a leading telecom innovator in seven markets across the Middle East and Africa, announces its consolidated financial results for the full-year 2021, and fourth quarter ended 31 December, 2021. The Group ended the
BOARD PROPOSES CASH DIVIDEND OF 23 FILS FOR H2 2021 KUWAIT CITY, Feb 10: Zain Group, a leading telecom innovator in seven markets across the Middle East and Africa, announces its consolidated financial results for the full-year 2021, and fourth quarter ended 31 December, 2021. The Group ended the
BOARD RECOMMENDS HALF-YEAR DIVIDEND OF 10 FILS
Zain Group, a leading telecommunications innovator operating in seven markets across the Middle East and Africa, announces its consolidated financial results for the six months to June 30, 2021. Zain served 48.3 million customers at the end of the period, a 1% increase year-on-year (Y-o-Y).
Ahmed Al Tahous, Zain Group Chairman and Bader Al-Kharafi , Vice-Chairman and Group CEO
For the first six months of 2021 (H1) Zain Group generated consolidated revenue of KD 750 million (USD 2.5 billion), a decrease of 3% Y-o-Y. EBITDA for the period reached KD 310 million (USD 1.03 billion), down 6% Y-o-Y, reflecting an EBITDA margin of 41%. Net income amounted to KD 86 million (USD 285 million), up 5% Y-o-Y, reflecting earnings per share of 20 fils (USD 0.07). For H1 2021, foreign currency translation was impacted mainly due to the currency devaluation in Sudan from 55 in January 2021 to 444 (SDG / USD) end of June 2021, and a 19% currency devalu