Zain sees 26% rise in first-half sales

28 Jul 2008

The Kuwaiti cellular group Zain has reported revenues of USD3.49 billion for the first six months of 2008, up 26% over the same period last year. Consolidated EBITDA rose 20% to USD1.3 billion while net profits reached USD551.5 million, up 7% year-on-year. The group, which has cellular operations across the Middle East and Africa, had 50.74 million managed active customers at the end of June, with annual growth of 58%. Commenting on the results, Zain CEO Saad Al-Barrak said: ‘We have started to reap the rewards of our recent large investments, particularly in Iraq, Nigeria and Sudan, with these three countries now serving more than half of Zain’s 50 million customers, and we expect similar rewards when our operations in Saudi Arabia and Ghana commence commercial operations.’

Kuwait, Zain Group,


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

Subscribe to CommsUpdate



Filter CommsUpdate by the following categories or use the search.


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


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.