Zain Bahrain

Zain Group is a mobile telecommunications company founded in 1983 in Kuwait as MTC or Mobile Telecommunications Company, and was later rebranded to Zain in 2007. Zain has commercial presence in 8 countries across the Middle East and North Africa with about 42.7 million customers as of 31 December 2012. It employs over 6000 people.

From 2005 to 2010, Zain maintained a presence in a number of countries in Sub-Saharan Africa, in addition to its core market in the MENA region. Zain entered Africa in May 2005 through the $3.4 billion purchase of Celtel International which had 13 country operations in Africa, serving five million customers at that time. Zain invested heavily across the continent through network upgrades and acquiring two more country licences. By June 2010, Zain had over 40 million customers across the continent, operating in Burkina Faso, Chad, Democratic Republic of the Congo, Gabon, Ghana, Kenya, Madagascar, Malawi, Niger, Nigeria, Sierra Leone, Tanzania, Uganda and Zambia. In early 2010, Zain accepted an offer for the sale of all its Africa operations. On 8 June 2010, Zain announced that it had satisfied all required conditions precedent to closing of the sale of 100% of Zain Africa BV to Bharti Airtel Limited for $10.7 billion on an enterprise basis.

Zain is listed on the Kuwait Stock Exchange. There are no restrictions on Zain shares as the company’s capital is 100% free float and publicly traded. The largest shareholder is the Kuwait Investment Authority (24.24%). For the 12 months in 2012, Zain Group generated consolidated revenues of USD 4.58 billion (KD 1.28 billion) compared to 2011 consolidated revenues of USD 4.79 billion (KD 1.32 billion). EBITDA for the same period amounted to USD 2.04 billion (KD 570.7 million) reflecting an EBITDA margin of 44.5%. Net Income amounted to USD 902 million (KD 252.1 million), compared to 2011 net income of USD 1.033 billion (KD 284.9 million). Earnings per share for the 12 months stood at USD 0.23 (KD 0.065), compared to USD 0.27 (KD 0.073) in the previous year. Additionally, shareholders equity stood at USD 6.1 billion (KD 1.7 billion). Subsequently, the Board of Directors recommended a cash dividend of USD 0.18 (KD 0.050) per share subject to the Annual General Assembly and regulatory approvals.

Zain started operations in the Kingdom of Bahrain in December 2003 as MTC-Vodafone. Since then, it has introduced 4G LTE, 3.5G and WIMAX services to the Kingdom. Zain’s network covers 100% of the Bahraini population.Facebooktwittergoogle_plusredditpinterestlinkedinmail