Zain KSA, a leading telecommunications and digital services provider in Saudi Arabia, has achieved an all-time record revenue of SAR 9.1 billion for the full-year 2022, marking a growth of 15% from the previous year. The company also recorded the highest profit to date, reporting a net profit of SAR 550 million, indicating a significant growth of 157% compared to the previous year.
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Zain KSA’s Chairman of the Board, HH Prince Naif bin Sultan bin Mohammad Bin Saud Al Kabeer, attributes the financial and operational success to the company’s strategy of improving user experience, expanding investment in future technologies and investing in adjacent markets. He also acknowledges the significant role of Saudi Arabia’s thriving economy, astute national leadership and Saudi Vision 2030 in empowering society and improving quality of life by harnessing the potential of technology.
Zain KSA CEO, Eng. Sultan bin Abdulaziz Al-Deghaither, adds that the company succeeded in achieving its commitment to its strategy launched five years ago, making 2022 a year of great transformation. The company expanded its 5G user base, launched the Kingdom’s first 5G Stand-Alone network and enriched its users’ experiences through Yaqoot and its integrated digital packages.