Zain - Saudi Arabia

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Recent Articles

• Saudi Mobily refinances SR1.5bn Islamic loan11 October 2009

  Mobile operator originally used loan to finance purchase of Bayanat Al Oula.

• Zain Saudi Arabia seals $2.5bn loan11 August 2009

  Facility to be used to repay existing Murabaha, as well as fund network expansion and future growth.

• Zain Saudi telco nears $2.5bn loan agreement27 July 2009

  Al-Rajhi Bank and Banque Saudi Fransi confirmed leading refinancing facility.

• Zain offers 35% discount on all lines in Saudi 20 April 2009

  The deal goes live on Monday and covers SMS, video calls and internet services.

• Zain Saudi Arabia posts $608m net loss in 200824 February 2009

  Telecom major earns gross revenues $135m, with active customers totalling over 2 million.

• Zain Saudi Arabia posts $608 million loss 24 February 2009

  Two million subscribers added to the network after four months

• Saudi fans access English league clips via mobiles8 February 2009

  Zain's new service allows fans of the Premier League to watch video clips.

• Saudi initiative creates 10,000 job opportunities 7 February 2009

  Jobs include sales, marketing, accounting, secretarial work and customer services.

• Saudi Zain says mobile users 1mn in Sept16 December 2008

  Third operator which launched in Aug. expects to turn a profit in its third year.

• Zain to invest $360 million in Kenyan network 7 September 2008

  Company plans to invest $364.2 million over the next two years

• Zain posts Q108 profits of $270.5m24 April 2008

  Telecom operator Zain grows profits 10% year-on-year, hits 45.7 million active users

• Zain to create 'One Network' for Middle East operations14 April 2008

  Zain to offer customers in Bahrain, Iraq, Jordan and Sudan local service and rates across all four countries

• Arab technology leaders storm onto list of powerful Arabs30 March 2008

  New report on the world's most influential Arabs shows technology specialists in prime positions

• Regional WiMAX projects proceeding despite claims technology 'failed miserably'26 March 2008

  CEO of Australian WiMAX operator says WiMAX a 'disaster'

• Zain Saudi Arabia to launch operations by June 22 March 2008

  Kingdom's third mobile operator will initially cover 53% of population with own nextwork.

• Zain gives mobile customers free content-sharing service4 March 2008

  New Website allows Zain customers free, easy filesharing of video and audio clips, pictures and SMS messages

• Motorola wins $335 million Saudi contract2 March 2008

  New 2G/3G network to be established on behalf of the Zain group

• Zain Saudi Arabia IPO 183% oversubscribed23 February 2008

  Over eight million Saudis offer $4.8bn towards IPO of third mobile operator.