Zain - Saudi Arabia

In less than eight months, mobile telecommunications operator Zain has made its mark in Saudi Arabia by securing more than two million customers, or seven percent market share. The company has also reported a 27 percent increase in projected revenues for the same period – not bad considering the operation was launched only months prior to the global markets meltdown.

From August 26 to December 31 2008, the company generated $135m gross revenues with $608m net losses, after factoring in 18 months of start up and operating costs. Still, with a healthy customer base, it appears Zain will have few problems clawing back its outlays.

When announcing the company’s KSA results in February, Zain Group chief executive Dr Saad Al Barrak said he was confident the Saudi market was stronger than most to withstand the global downturn. “With the robustness of the Saudi Arabian economy playing a decisive role, we are very confident that Zain Saudi Arabia will be a shining star among the Zain group of companies and we expect that the huge investments in the brand and network to date will see even better results for 2009 and beyond,” he said.
More about the company
Address: Arcade Centre, King Fahad Highway PO Box 295814 , Riyadh, SAUDI ARABIA

Mobile Telecommunications Company

Joint stock

2007

Public

966 1 2161800

966 1 2161500

info@sa.zain.com

www.sa.zain.com

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Officers »
Board of Directors Position
Hussam Bin Saud Bin Abdulaziz Al Saud
Chairman
Asaad Ahmad Al Banwan
Board Member
Saad Hamad Al Barrak
Board Member
Khaled Abdullah Al Hajeri
Board Member
Marwan Al Ahmadi
Board Member
   
Management Position
Nabil Younan
Chief Financial Officer
Lars P. Reichelt
Chief Commercial Officer
Ahmad Jaber Al Faifi
Chief Planning and Business Development Officer
Ismail Mohammed Fikri
Chief Technical Officer
Khaled Al Farekh
Launch Director
View all
Major Shareholders
Name Country
Saudi Plastic Factory
Saudi Arabia
Public Pension Agency
Saudi Arabia
Zain - Kuwait
Kuwait
Faden Trading and Contracting Establishment
Saudi Arabia
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