Zain Group is a mobile telecommunications company founded in Kuwait in 1983 as the region's first mobile operator. It rebranded to Zain in 2007 and became the 4th largest mobile operator globally in 2008 with operations in 15 African countries and 7 Middle Eastern countries. In 2010, Zain sold its African operations, known as Zain Africa, to Bharti Airtel Limited. Currently, Zain has a commercial presence in 8 countries in the Middle East and North Africa and is led by CEO Scott Gegenheimer.
Zain Group is a mobile telecommunications company founded in Kuwait in 1983 as the region's first mobile operator. It rebranded to Zain in 2007 and became the 4th largest mobile operator globally in 2008 with operations in 15 African countries and 7 Middle Eastern countries. In 2010, Zain sold its African operations, known as Zain Africa, to Bharti Airtel Limited. Currently, Zain has a commercial presence in 8 countries in the Middle East and North Africa and is led by CEO Scott Gegenheimer.
Zain Group is a mobile telecommunications company founded in Kuwait in 1983 as the region's first mobile operator. It rebranded to Zain in 2007 and became the 4th largest mobile operator globally in 2008 with operations in 15 African countries and 7 Middle Eastern countries. In 2010, Zain sold its African operations, known as Zain Africa, to Bharti Airtel Limited. Currently, Zain has a commercial presence in 8 countries in the Middle East and North Africa and is led by CEO Scott Gegenheimer.
Mobile telecommunications company founded in 1983 in Kuwait
(regions first mobile operator). 2007 : Rebranded to Zain. 2008 : It became the 4th largest mobile operator in the world in terms of geographical presence, with operations in 15 African countries and 7 in the Middle East. March 2009 : 50/50 partnership with Al Ajial Investment Fund Holding to acquire a 31% stake in Inwi, the third mobile telecom operator in Morocco. June, 2010 : Sale of 100% of Zain Africa (Zain Africa) to Bharti Airtel Limited. Commercial presence in 8 countries across the Middle East and North Africa CEO is Scott Gegenheimer, appointed in December 2012.
Regional Network Bahrain Iraq Jordan Kuwait Lebanon Morocco Saudi Arabia South Sudan Sudan
Facts and Figures (2013) Source : http://www.zain.com/ Total Managed Active Customers 46.1 million up 8% on 2012 Consolidated Revenues KWD 1.240 billion (US$ 4.4 billion) EBITDA KWD 538 million (US$ 1.9 billion) EBITDA Margin 43.4% . Net Income KWD 216 million (US$ 764 million) EPS KWD 0.056 (US$ 0.20) Investor: Percentage Owned Kuwait Investment Authority 24.24% Al-Khair National Company 16.26% Public 49.67% Treasury Shares 9.83% Zain Kuwait Shareholders: