Zain - Kuwait

Formerly known as MTC, Kuwait’s national telecoms brand Zain has grown into a global player with operations in more than 22 countries. According to CEO Saad Al Barrak, the firm has ringfenced $5bn to spend on new acquisitions before 2011 and is on track to hit this year’s target of a 30 percent rise in net profit. Group net profit was $1.40bn in 2008; an annual increase of six percent.

Last year proved highly successful for the telecoms firm: it rebranded its entire African network and began operations in Saudi Arabia. In September Zain raised $4.40bn in a capital increase. Some 99 percent of existing shareholders subscribed to the offer, making it the largest capital raising in Kuwait’s history.

This year Zain looks set to expand its presence in North Africa, after last month taking a 31 percent stake in Wana, Morocco’s third mobile operator, for $324m. The firm is already active in Ghana, where it launched Africa’s first 3.5G network in December.

Zain is listed on the Kuwait Stock Exchange.
More about the company
Address: Airport Road PO Box 22244 , Kuwait City, KUWAIT

Mobile Telecommunications Company, MTC - Vodafone

Zain, Zain Group

Joint stock

22 June 1983

Public

965 4644444

965 4837755

info@zain.com

www.zain.com

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Officers »
Board of Directors Position
Asaad Ahmad Al Banwan
Chairman
Saad Hamad Al Barrak
Vice Chairman
Khalifa Ali Khalifa Al Sabah
Board Member
Aida Salem Al Ali Al Sabah
Board Member
Jamal Ahmad Al Kandari
Board Member
   
Management Position
Tito Allai
Group Chief Commercial Officer
Sam M. Deeb
Group Chief Financial Officer
Haitham Al Khalid
Group Chief Strategy Officer
Mohammed Shabib
Group Chief Regulatory Officer
Khaled Abdullah Al Hajeri
Group Chief Technical Officer
View all
Major Shareholders
Name Country
National Investments Company - Kuwait
Kuwait
Kuwaiti British Readymix Company
Kuwait
Al Khair National for Stocks and Real Estate Company
Kuwait
Kuwait Investment Authority
Kuwait
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