Zain Saudi curbs net loss by 5.6% in 2013

21 Jan 2014

Zain Saudi Arabia, a subsidiary of Kuwait’s Zain Group, has published its consolidated financial results for the twelve months ended 31 December 2013, reporting a net loss of SAR1.651 billion (USD440.23 million). Despite incurring a loss, the figure represents a 5.6% improvement on the SAR1.749 billion generated in the year-ago period. The company attributed the development to a ‘significant revenue increase in the internet segment, alongside a revenue increase in the post-paid sector’. In operational terms, Zain Saudi’s consolidated customer base reached 8.7 million, a 10% increase year-on-year, mainly attributed to growth in internet subscribers.

Saudi Arabia, Zain Saudi Arabia (formerly Saudi MTC),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share