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Introduction

This is an update of the Zain Group, covering mobile, fixed broadband, and operator initiatives. It includes a footprint map and a SWOT analysis of the company.

Highlights

  • Zain Group reported a year-on-year revenue decline of 3% in 2Q16, to $912m. EBITDA grew 7% over the year, to $4396m, reflecting an increased EBITDA margin of 48.1%, compared to 43.7% for the same period of 2015. Net income for the quarter reached $148m, up 14% YoY (in Kuwaiti dinar terms). The group cited “exposure to conflict zones and currency fluctuations” as primary factors impacting the business.
  • Zain Kuwait remains the most profitable unit in the group. Despite the intense competition in the country and the high penetration rates of more than 200%, Zain continues to maintain its lead in terms of market share. For 2Q16, revenue reached $269m, which is up by 1% (in Kuwaiti dinar terms) compared to last year.
  • Zain Iraq accounts for 25% of the group’s customer base and was severely affected by the imposition of 20% sales tax on mobile services and the overall political unrest in the country. Zain KSA saw decline in customer base due to the rollout of the new biometric system imposed by the Saudi regulator. Zain Sudan has a positive 2Q16, contributing 21% of the group’s total revenues. Growth prospects remain strong after the excellent introduction of 4G in Sudan in 2Q16.

Features and Benefits

  • Assesses the current state of the Zain Group at an operational level.
  • Analyzes the group's strengths, weaknesses, opportunities, and threats.
  • Offers a financial overview of each business unit.

Key questions answered

  • How well are all of Zain's operations doing financially?
  • What new products and services have been launched over the last year?
  • How does Zain's financial performance benchmark against those of the world's top operators?

Table of contents

Summary

  • Introduction
  • Download 1: Zain Group Update, 2Q16

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