(Zain) Reports KWD 220 Million Net Profit in the First Half of the Year
Kuwait City, August 10 (KUNA) -- Zain Group announced on Monday that it achieved net profits of 220 million Kuwaiti dinars (approximately 717 million US dollars), with earnings per share of 51 fils for the first half of 2026, representing a 73 percent growth compared to the same period in 2025.
In a statement, Group Chairman of the Board Nour Al-Jasim said the financial results were driven by diversified operational streams and the exploitation of investment opportunities in the region, where the Group succeeded in strengthening its role as a driver of digital transformation and a supporter of economic growth.
Al-Jasim added that, based on the record financial results achieved during the first half, the Board of Directors approved an exceptional interim cash dividend of 17 fils per share, a move reflecting the strength of financial performance and the commitment to sharing the fruits of achieved growth with shareholders. The cash dividend distribution is scheduled to begin on October 6.
She noted that the Board of Directors is working closely with the executive management to capitalize on opportunities presented by digital transformations to lay the foundations for the Group’s future growth and to continue investing in strategic opportunities that support business expansion and maximize shareholder equity.
For his part, Group Vice Chairman and Chief Executive Officer Bader Al-Kharafi stated that these financial results come amid a regional environment characterized by exceptional geopolitical challenges, which impacted business activities, supply chains, and commercial and economic operations. This necessitated that institutions enhance their operational capacities and raise their levels of readiness and resilience.
Al-Kharafi added that the transformation path undertaken by the Group is now translating into tangible financial results, with consolidated revenues rising by 5 percent to reach 1.14 billion dinars (approximately 3.71 billion US dollars). He noted that data services continued to play a key role in fueling the Group’s financial performance, as revenues from this vital sector grew by 15 percent due to increasing demand for data. (End) f.h / t.a.b
