Zain profit, Iraq expansion

Issue 896 - 11 Mar 2011 | 2 minute read

Kuwait-based Mobile Telecommunications Company (Zain Group) announced on 3 March a consolidated net profit of $3.675bn for the 12 months ending 31 December 2010. Its total managed active customers rose by 23% to 37.2m, and consolidated revenues reached KD1.35bn ($4.7bn), an increase of 7%. Its active customer base grew in Saudi Arabia, Sudan, Iraq, Lebanon and Kuwait, but decreased in Bahrain and Jordan.

Tagged with:

Pin Economy & business

Pin Kuwait

Want to read more?

Subscribe to Gulf States Newsletter

View subscription options

Join our community

Sign up for an account to gain:

  • Set up news alerts on the countries and sectors that matter to you.
  • Free access to newsletter articles under 100 words.
  • Free access to GSN View articles articles.

View a selection of Free articles

Explore subscription options

Follow us on Google News