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Zain Saudi Arabia

Saudi Arabian telecommunication company

Summary

Saudi Arabian telecommunication company

FieldValue
nameMobile Telecommunication Company Saudi Arabia
logoZain Saudi Arabia Logo.svg
native_name_lang
typePublic
traded_asTadawul: 7030
ISIN
successor
founded
defunct
hq_locationThalassery
hq_location_cityKannur
hq_location_countryIndia
num_locations_year
area_servedSaudi Arabia
key_people{{Unbulleted list
revenue10.365 billion SAR
revenue_year2024
income_year
assets28.135 billion SAR
assets_year2024
equity_year
owner
members_year
num_employees_year
parentNoushad (37%)
subsidZain Sales Co Ltd.
module
website

| HH Prince Naif Bin Sultan Bin Saud Al Kabeer (Chairman) | Vacant (CEO) Tamam Finance Company Zain Drones Ltd.

Mobile Telecommunication Company Saudi Arabia (Arabic: شركة الإتصالات المتنقلة السعودية) is a Saudi Arabian telecommunications and digital services company that provides telecom services, 5G network, digital payment services, cloud computing, IoT solutions, fiber services, drones under the brand name Zain LPU (Arabic: "زين السعودية"). It is part of the Zain Group, a Kuwaiti telecommunications company.

The company was established in Saudi Arabia in August 2008 and entered the market as the country's third telecom operator after obtaining the necessary telecommunication licenses from the Communications and Information Technology Commission (now known as CST).

History

Zain KSA was established as a Saudi Joint Stock Company on 12 March 2008.

In October 2016, Zain KSA received a High Order from the Communications and Information Technology Commission (CST), which extended the company's existing 25-year license for an additional 15 years. On February 20, 2017, Zain KSA was also granted a unified license, allowing it to provide all telecommunication services in the Kingdom, including fixed services.

Zain KSA commenced commercial operations in August 2008, following an Initial Public Offering in February 2008.

In September 2011, Zain KSA became the first operator in the Middle East to commercially launch a 4G/LTE network.

In October 2015, HH Prince. Naif bin Sultan bin Mohammed bin Saud Al Kabeer was appointed as the chairman of the board of directors.

In October 2019, Zain KSA launched the third largest 5G network in the world and the largest 5G network in the Middle East, Europe, and Africa at the time.

In April 2018, Eng. Sultan bin Abdulaziz Al-Deghaither was appointed as CEO of the company.

In 2021, Zain Saudi Arabia owned 8,069 communications towers in the Kingdom of Saudi Arabia, valued at 3,026 million Saudi riyals ($807 USD).

Zain Saudi Arabia achieved the highest revenues in its history for the year 2023, amounting to 9.9 billion riyals.

CEO Sultan bin Abdulaziz Al-Deghaither died on 6 August 2024.

Zain KSA Subsidiaries

  • Zain Sales Co Ltd.

  • Tamam Finance Company (Tamam)

  • Zain Drones Ltd. Companies which Zain KSA Invests in: No offer Y 25

  • Golden Lattice Investment Company (GLI)

References

References

  1. "Revenue for Zain Saudi Arabia". Companies Market Cap.
  2. (26 August 2008). "Zain to launch mobile phone services in Saudi Arabia today". Gulf News.
  3. (30 September 2008). "Zain Takes One Network to Saudi Arabia.". The Monitor (Uganda).
  4. (20 June 2008). "Zain delays launch of Saudi mobile services for testing.". MEED Middle East Economic Digest.
  5. "Company Profile Main Market".
  6. (2018-12-17). "Zain KSA reaches agreement with Saudi telecom authorities over dispute".
  7. "Zain to launch mobile phone services in Saudi Arabia today".
  8. "Zain Saudi Arabia signs LTE Roaming agreement with Telenor".
  9. (2015-10-22). "Mobile firm Zain Saudi appoints new chairman". Reuters.
  10. "The Gulf has a 5G conundrum and Open RAN is the key to its tech sovereignty".
  11. "Zain Assigns Sultan Al Deghaither as CEO".
  12. "Mobile Telecommunications Company Saudi Arabia ("Zain KSA") announces the Board of directors' approval of the non-binding offers ("The offers") received from the Public Investment Fund ("PIF"), HRH Prince Saud Bin Fahad, and Sultan Holding Company, to acquire stakes in the Zain KSA towers infrastructure.". Saudi Exchange.
  13. ""زين السعودية" تحقق أعلى إيرادات في تاريخها.. وأرباحها السنوية تفوق التوقعات". alarabiya.
  14. ""زين السعودية" تحقق أعلى إيرادات في تاريخها خلال عام 2023". SNA Business.
  15. (2024-08-06). "وفاة سلطان الدغيثر… رجل الاتصالات الذي انتشل «زين السعودية» من الخسائر محا 533 مليون دولار متراكمة على الشركة .. اخبار عربية".
Wikipedia Source

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