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Zain

Kuwait skyline buildings

Kuwait Telco Zain’s Deputy CEO Resigns

The deputy chief executive of Kuwait’s top telecom operator Zain has resigned, the company said in a statement to the local…

March 5, 2013 3:38
 
Saudi Zain Telecom

Zain to fight Iraq fine after some bank assets frozen

Kuwaiti telecom operator Zain will continue its fight against a $262 million fine imposed on its Iraq operations despite some of the unit's bank accounts being frozen, the company said on Tuesday.

September 4, 2012 5:33
 
Saudi Zain Telecom

Kuwait’s Zain second quarterly net profit inches up 1 percent

Kuwaiti telecom operator Zain reported a 1 percent rise in quarterly profit on Monday.

August 6, 2012 4:08
 
200-zain

Saudi Zain sees net loss shrink to $93.1 million

Indebted telecoms operator Zain Saudi reported a narrowing second-quarter loss on Wednesday, in line with analyst forecasts.

July 19, 2012 1:05
 
zain-telecom-saudi

Zain, banks face struggling Saudi rights issue

Zain Saudi's $1.6 billion rights issue, which closes on Tuesday, has so far sold only 54 percent of shares available, the lead manager said on Monday.

July 17, 2012 10:45
 
Saudi Zain Telecom

Zain Saudi to repay debts with rights issue cash

Loss-making Zain Saudi , Saudi Arabia's No.3 telecoms company, launched a $1.6 billion rights issue on Tuesday to boost its balance sheet and help it fight back against rivals.

July 11, 2012 11:46
 
Kuwait telco Zain posts 2011 profit of $1.03B

Kuwait telco Zain posts 2011 profit of $1.03B

Kuwait's Zain posted a net profit of $1.03 billon in 2011, up from $1.02 billion in the previous year, the state news agency KUNA reported on Monday.

February 14, 2012 2:36
 
Riyad Capital raises Zain Saudi price target

Riyad Capital raises Zain Saudi price target

Increased optimism on successful capital restructuring will help Zain Saudi Arabia to further narrow its valuation gap with peers through 2012, Riyad Capital said and raised its price target on the telecom operator's stock by nearly 40 percent.

February 13, 2012 2:26
 
Zain Saudi Arabia telcos Q4 loss narrows

Zain Saudi Arabia telcos Q4 loss narrows

Zain Saudi Arabia said on Wednesday its fourth-quarter net loss narrowed to 461 million riyals ($122.9 million) from 521 million riyals a year earlier, beating an analyst's forecast.

January 19, 2012 2:33
 
Saudi Almarai Q4 profits inch up, raw material costs bite

Saudi Almarai Q4 profits inch up, raw material costs bite

Almarai margins affected by higher raw material costs; Dairy firm says has yet to book Zain Saudi impairment

January 17, 2012 2:46
 
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