Zain - Kuwait

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Recent Press Releases

• Zain announces impressive 2009 half-year financial results22 July 2009

  Zain, the leading mobile telecommunication operator in the Middle East and Africa with a commercial presence in 24 countries, is pleased to announce its consolidated financial results for the half-year ending 30 June 2009.

• ‘Drive2011’: Zain restructures global operations to reach growth targets4 May 2009

  At a strategic meeting with senior Zain executives from all 22 African and Middle East operations, Zain Group CEO Dr Saad Al Barrak announced a new program to propel the company towards its 2011 target of being a top ten global mobile telecommunications operator.

• Zain wins the Lebanese mobile management agreement tender13 January 2009

  Zain Group, the leading mobile telecom company in 22 countries across the Middle East and Africa, announced today that it has made a successful tender to continue managing one of Lebanon’s two mobile operations, MIC2 branded as mtc touch, for an additional year commencing February 1, 2009, extendable for one year as per the new management agreement terms set by the Lebanese Ministry of Telecommunications.

• Zain launches mobile services in Ghana16 December 2008

  Zain, the leading mobile operator in 22 countries across the Middle East and Africa announced today the commencement of commercial services in Ghana with the launch of the first 3.5G network on the continent outside South Africa.

• Zain scoops two major prizes at the inaugural AfricaCom Awards24 November 2008

  One network recognized along with the spectacular rebranding of Zain in 14 African countries.
  
  

• Three prestigious awards for Zain Group CEO, Dr Saad Al Barrak9 November 2008

  Africa Investor International Business Leader award, CEO Middle East Telecom award and Bespoke Visionary award make it a year to remember.

• Saad Al Barrak: Ranked one of the most influential telecom executives over the century3 November 2008

  29th position places Zain CEO first among Middle East & African peers.

• Zain Group increases stake in Iraq mobile operation to 62%2 November 2008

  New shareholding to positively impact future earnings.
  
  

• Neil Armstrong takes Zain’s annual ACE management meeting to the moon27 October 2008

  First man on the moon lands on Earth’s lowest altitude, tells executives that you must be daring and different in life to succeed.

• Zain capital increase completed, US$4.49 billion raised21 September 2008

  Largest ever capital raising in Kuwait’s history sees 99% of shareholders subscribe.

• Zain wins Global Telecoms Business Innovation Award with ‘One Network’10 September 2008

  Zain, the leading mobile telecommunications operator servicing over 50 million customers in 22 countries across the Middle East and Africa, has won the Global Telecoms Business Wireless network infrastructure innovation award for ‘One Network’, the world’s first borderless mobile telecoms network service.

• Zain USD 4.5 billion capital increase subscription kicks off17 August 2008

  All branches of NBK will act as receiving bank.

• Zain half-year 2008 results, surpasses 50m customers milestone26 July 2008

  Revenues up 26%, net profit at US$ 551.5m.

• Zain Iraq and Nokia Siemens Networks sign a US $150 million network modernization contract11 May 2008

  Zain Iraq, the country's leading mobile operator has signed p Nokia Siemens Networks in a US $150 million contract to increase capacity while also simplifying and modernizing its existing core network.

• Zain reveals its Video Cam during the 4th Distributors Exhibition27 April 2008

  Zain Kuwait recently revealed its new Video Cam, a wireless camera that can be placed anywhere and accessed through the customer's 3G-enabled mobile phone.

• Zain records impressive Q1 2008 net profits of US$ 270.5 million, customers reach 45.7 million23 April 2008

  Zain, the leading mobile telecommunications operator in the Middle East and Africa, announces that its Q1 2008 consolidated gross revenues stood at US$1.673 billion (KD 453.2 million), an increase of 23% compared to the same period of 2007.

• Iraq mobile operators MTC Atheer and Iraqna unite as Zain6 January 2008

  Seven million Iraqis join Zain’s 42.5 million worldwide mobile community.

• A new beginning: Zain In Iraq6 January 2008

  Zain in Iraq (www.iq.zain.com ) is born out of the two most successful mobile operations in Iraq, namely MTC Atheer and Iraqna who have been providing a wide range of mobile telephony and data services since early December 2003.

• Omar Sharif voices new advertising campaign for Zain26 September 2007

  Television and radio ad capture brand values of radiance, heart and  belonging.
  
  

• Zain - New global brand for leading emerging markets mobile operator18 September 2007

  MTC Group adopts a new name unifying its different brands.

• MTC Consortium receives official notification to establish the 3rd mobile operator in the Kingdom of7 July 2007

  Company will hold a 25-Year Licence to deploy GSM, high-speed broadband 3G and 3.5G services. Commercial operations to commence early 2008. Dr Marwan Al Ahmadi  to be appointed CEO.

• Mobility: a nation under Siege2 July 2007

  An insight into mobile communications during the 2006 Lebanon conflict.

• World’s first borderless mobile network expands into Central Africa6 June 2007

  Leading pan African mobile phone network expands its One Network to include Central Africa and more than 160 million people in six countries.

• MTC’s Sudan operation Mobitel signs a Euro 270 million Murabaha Facility27 May 2007

  Local and regional banks participate in company's expansion plans.
  

• MTC concludes the acquisition of 100% of Celtel7 May 2007

  $467 million payment made for remaining 15%.