Monday, 28 July 2008

Zain grows first half EDITDA by 20%

Cerainly, one to watch. Zain, a leading Kuwaiti mobile telecommunication operator in its own country,the Middle East and Africa with presence in 22 countries, has anounced a first half sales increase of 26 per cent and an EBITDA increase of 20 per cent.

Zain has recently listed a subsidiary, Zain Saudi Arabia's where the share price currently trades at double its initial offering.

Zain introduced its 'One Network' mobile service to 14 million customers in four countries in the Middle East-Bahrain, Iraq, Jordan and Sudan. Saudi Arabia and Ghana will join One Network on launch of commercial services.

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