Sunday, 23 November 2008 | 19:23 UAE time
COMPANIES
Zain - Saudi Arabia
- 10.35 Last
- -0.40 (-3.72%) Today's Change
- 24.24m Volume
- 10.75-27.50 52 Week Range
- -10.40 (-50.12%) 52 Week Change
COMPANY DESCRIPTION
Zain KSA is a unit of Kuwait's biggest mobile phone company, Zain. Full operations for the mobile telecommunication service are expected to begin in July. The company aims to post profits within two to three years and provide coverage of 50-60% of the Saudi population."We intend to come into the market with a big bang," Ibrahim Adel, head of the company's investor relations has been quoted as saying.
Subscribers to the network will be among the users in Zain's network which will not have to pay roaming charges which also includes Sudan, Jordan, Bahrain and Iraq.
Zain's Saudi unit raised USD 1.67 billion in an IPO in the Kingdom in February. Zain aims to increase its capital by 75% to help finance its expansion.
KEY INFORMATION
Industry
Mobile Network Operators
Address
Arcade Centre, King Fahad Highway, 295814, Riyadh, Saudi Arabia
T
966 1 2161800
F
966 1 2161500
E
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 23 Nov 2008 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| Al Jeraisy Development Company | Saudi Arabia |
| Al Marai Company | Saudi Arabia |
| Al Nikhba Establishment for Construction & Contracting | Saudi Arabia |
| Ashbal Al Arab Establishment for Contracting | Saudi Arabia |
| Faden Trading & Contracting Establishment | Saudi Arabia |
| Mobile Telecommunications Company | Kuwait |
| Oriental Seal Company | Saudi Arabia |
| Public Pension Agency | Saudi Arabia |
| Rakisa Holdings | Saudi Arabia |
| Saudi Plastic Factory | Saudi Arabia |
OFFICERS
| BOARD OF DIRECTORS | Position |
|---|---|
| HH Hussam Bin Saud Bin Abdulaziz Al Saud | Chairman |
| Asaad Ahmad Al Banwan | Director |
| Saad Hamad Al Barrak | Director |
| Khaled Abdullah Al Hajeri | Director |
| Marwan Al Ahmadi | Director |
| Faisal Bin Hamad Bin Abdullah Al Sokeir | Director |
| Fahed Ibrahim Al Dghaither | Director |
| Nayef Bin Sultan Bin Saud Bin Mohammed Bin Sultan Al Kabeer | Director |
| Abdullah Ibrahim Al Rakhis | Director |
| Walid Khaled Hakim | Secretary of the Board |
| MANAGEMENT | Position |
| Marwan Al Ahmadi | Chief Executive Officer |
| Saad Hamad Al Barrak | Managing Director |
| Nabil Younan | Chief Financial Officer |
| Lars P. Reichelt | Chief Commercial Officer |
| Ahmad Jaber Al Faifi | Chief Planning & Business Development Officer |
| Ismail Mohammed Fikri | Chief Technical Officer |
| Khaled Al Farekh | Launch Director |
| Waleed Khaled Hakeem | Investor Relations Manager |
| Ramzi Abu Ghazalleh | Human Resources Manager |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Head of Consumer Lending, Qatar, Qatar
- Finance Manager, UAE, UAE
- Financial Controller, Dubai, UAE
- Senior Accountant, Dubai, UAE
- Senior Equity Trader, Abu Dhabi, UAE
Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details.
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