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This is an update of Zain Group's activities, covering mobile, fixed broadband, operator initiatives, and consumer market trends.


  • Zain Group recorded consolidated revenue of $1.3bn in 1Q19, up 54% YoY. EBITDA for the quarter was $586m, up 108% YoY, with an EBITDA margin of 44%. Net income amounted to $155m, up 14% YoY with Zain Kuwait representing 45% of total group net income. Total group capex was $91m owing to substantial investments in network upgrades and expansion.
  • Group data revenue (excluding SMS and VAS) increased 118% YoY. This growth is predominantly due to the consolidation of Zain Saudi Arabia results, and growth in enterprise data-related revenue contributing to this growth.
  • Zain highlighted data monetization and revenue diversification activities to support the group's digital aspirations, including infrastructure optimization, enterprise and smart city initiatives, investment in fintech, and e-health services trials.

Features and Benefits

  • Evaluates Zain's 1Q19 operational and financial performance.
  • Analyzes the group's strategic initiatives and key developments over the year to end-1Q19.

Key questions answered

  • What markets continue to be difficult for Zain, and why?
  • How is Zain developing its digital stategy and services to combat the competitive pressures it is facing?

Table of contents


  • Introduction
  • Download 1: Zain Update, June 2019

Have any questions? Speak to a Specialist

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