Zain Jumps to Half-Year Net Profit of $717 Million

Bader Al-Kharafi: Zain achieves exceptional performance with record half-year revenues of $3.71 billion, the highest in over 15 years, and profits surge by 73%. Earnings before interest, taxes, depreciation, and amortization (EBITDA) grow by 6% to reach $1.23 billion. Data services revenues rise by 15% to $1.5 billion, representing 40% of total consolidated revenues. New growth engines continue their strong momentum, growing by 36% and generating revenues of $479 million. Zain Kuwait’s data revenues increase by 8%, reflecting the continued success of its 5G network expansion. Zain Sudan’s operations maintain their operational momentum despite current challenges, with continued growth in its customer base. ZainTECH revenues rise by 24%, while Zain Oman International achieves exceptional growth of 45%. Zain continues to grow in financial technology services, recording an 8% increase in revenues. Zain obtains an operating license in Syria and plans to launch its services in early 2027.