Articles tagged with: Zain

Zain Posts Drop in Profits on Weak Sudanese Currency

Kuwait's Zain has announced its first-half financial figures, and reported that revenues fell to KD 612 million (US$2.12 billion) as compared to compared to KD 663.5 million last year. more

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Zain Saudi Arabia Shrinks Losses Slightly

Zain's Saudi Arabian subsidiary has reported that its second quarter loss shrank by 6 percent to SAR370 million (US$98.7 million), boosted by improvements in it underlying operating profit thanks to a 21% cut in its financing costs. more

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Zain Awards NOC Management Contract to Huawei

Huawei has won a contract from Zain's Saudi Arabian subsidiary to provide a single vendor solution for its Network Operations Center (NOC), which is responsible for monitoring its network traffic. more

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Zain Signs Cooperation Agreement with Samsung

Zain Group has signed an agreement with Samsung Electronics aimed at raising the two companies' levels of cooperation. more

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Zain Eyes IT Services Expansion and Aquisitions

Kuwait based Zain has ruled out any further acquisitions in new countries, but will seek to boost its IT services in the countries where it currently has operations. more

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Ericsson Wins Saudi Managed Services Contract

Zain Saudi Arabia has signed a 3-year managed field-services agreement with Ericsson, more

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Zain Underwrites $600 Million Loan for Saudi Subsdiary

Zain's Saudi Arabian subsidiary has secured a US$600 million Islamic loan, although it has had to be guaranteed by the parent company.  more

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Fitch: Zain Telecom Deal Points to Further Gulf Cooperation, M&A

Saudi Arabia's decision to provide support for Zain Saudi, which is controlled by Kuwait's Zain Group, suggests that Gulf countries are increasingly willing to cooperate to support the telecoms sector, more

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Zain Moves Ahead with Stock Market Listing of Iraqi Mobile Network

Zain has moved a step closer to the long-delayed stock market listing of its Iraqi subsidiary, as the company set up a joint stock company, Al-Khatem, to house its Iraqi operations and prepare for the share sale. more

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Zain Secures Delay in US$1.5 Billion of License Fee Payments

Zain's Saudi Arabian subsidiary has secured a delay on payments of US$1.5 billion in license fees over the next seven years. more

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