The original Murabaha loan was secured in 2009 to back the company's network expansion, with two tranches consisting of $775 million and SAR 6.46 billion ($1.72 billion). The company, an affiliate of Kuwait's Zain, extended the maturity for the deal -
Zain Saudi Arabia introduced a new postpaid "Mazaya Zain" package which gives its customers a distinct package with numerous benefits and privileges; and provide them with all means of communication in an exceptional offer that comes in line with the
Zain KSA has announced its financial results for the year ended Dec. 31, 2011 and revealed plans for its largest network expansion to date, in addition to significant infrastructure enhancement in 2012. Operator of Saudi Arabia's most up-to-date network,
Zain Saudi announced its Annual Financial Statements for the year ended December 31, 2011 as follows: 1. Net loss amounted to SR 1,925 million, compared to SR 2,358 million for the last year, which represents a decrease of 18%. 2. Loss per share amounted
Zain Saudi Arabia “is still risky to invest”, Al Rajhi Capital said in a research released Wednesday. It said that though Zain is performing decent as a number 3 operator, trying to tap the growth in voice and data services, “the problem for Zain is its
Saud Al-Bawardi, chief commercial officer (CCO) at Zain Saudi Arabia, highlighted the company’s success in achieving the top position in customer services, according to results announced by an independent research entity. Al-Bawardi said: “We are proud