COMPANIES
Zain Saudi Arabia
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Recent Articles
- Qatar Telecom may buy Zain's Saudi unit - SICO2 October 2010
Strategic ambitions to expand operations in the region make QTel a takeover contender
- Zain KSA plans to raise $1.2bn through rights issue29 August 2010
The move will fund the next phase of the company's growth in the kingdom - statement.
- Zain Saudi Arabia proposes to reduce capital21 August 2010
Zain Saudi Arabia is seeking to reduce share capital by 48% and raise capital by 60%
- Four firms fined by Saudi bourse regulator23 May 2010
CMA stepping up efforts to clamp down on irregularities in a bid to increase transparency.
- Zain Saudi targets capital hike in June18 May 2010
'[A capital increase] is under study, under consideration, and we hope to finalise within a month' - CEO.
- 'Zain Saudi Arabia faces no funding problems' - CEO21 April 2010
Company is in talks with creditors after missing some commitments on a $2.5bn Islamic loan.
- Zain Saudi Arabia posts Q1 loss of $177m20 April 2010
UPDATE 1: Telecom firm assures investors it is able to meet obligations.
- Saudi Zain to raise capital, convert debt - CEO16 February 2010
Zain Saudi revenues to rise by 80%, customers to reach 7.5m by end-2010 - Al Barrak.
- Zain Saudi leads Saudi's index lower23 January 2010
UPDATE 1: All-share TASI index drags down 1.4 percent down to 6,296 points.
- Saudi Zain in creditors talks after missing commitments23 January 2010
Kingdom's newest telecoms player did not honour some of 2009 joint murabaha.
- Zain Saudi Arabia reports $175.2m Q4 net loss19 January 2010
Mobile operator says higher revenues from 18% market share helped it narrow losses.
- Saudi mobile subscribers increase to 41m20 December 2009
A boom in the IT field has led to an increase in communication subscribers.
- Saudi Mobily refinances SR1.5bn Islamic loan11 October 2009
Mobile operator originally used loan to finance purchase of Bayanat Al Oula.
- Zain Saudi Arabia seals $2.5bn loan11 August 2009
Facility to be used to repay existing Murabaha, as well as fund network expansion and future growth.
- Zain Saudi telco nears $2.5bn loan agreement27 July 2009
Al-Rajhi Bank and Banque Saudi Fransi confirmed leading refinancing facility.
- Zain offers 35% discount on all lines in Saudi 20 April 2009
The deal goes live on Monday and covers SMS, video calls and internet services.
- Zain Saudi Arabia posts $608m net loss in 200824 February 2009
Telecom major earns gross revenues $135m, with active customers totalling over 2 million.
- Zain Saudi Arabia posts $608 million loss 24 February 2009
Two million subscribers added to the network after four months
- Saudi fans access English league clips via mobiles8 February 2009
Zain's new service allows fans of the Premier League to watch video clips.
- Saudi initiative creates 10,000 job opportunities 7 February 2009
Jobs include sales, marketing, accounting, secretarial work and customer services.
- Saudi Zain says mobile users 1mn in Sept16 December 2008
Third operator which launched in Aug. expects to turn a profit in its third year.
- Zain to invest $360 million in Kenyan network 7 September 2008
Company plans to invest $364.2 million over the next two years
- Zain posts Q108 profits of $270.5m24 April 2008
Telecom operator Zain grows profits 10% year-on-year, hits 45.7 million active users
- Zain to create 'One Network' for Middle East operations14 April 2008
Zain to offer customers in Bahrain, Iraq, Jordan and Sudan local service and rates across all four countries
- Arab technology leaders storm onto list of powerful Arabs30 March 2008
New report on the world's most influential Arabs shows technology specialists in prime positions
- Qatar Telecom may buy Zain's Saudi unit - SICO2 October 2010