Latest Jobs at ZAIN

Zain is a mobile telecommunications company founded in 1983 in Kuwait as MTC (Mobile Telecommunications Company), and later rebranded as Zain in 2007. Zain has a commercial presence in eight countries across the Middle East with 45.3 million active customers as at 30 September 2017. The Vice Chairman and Group CEO is Bader Nasser Al–Kharafi, who was appointed in March 2017. Approximately 24.24% of the company is owned by Kuwait Investment Authority; 16.26% is owned by Al-Khair National for Stocks & Real Estate Co; only shareholders that own above 5% are disclosed.

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 full-year 2016, Zain Group generated consolidated revenues of KD 1.1 billion (USD 3.6 billion), down 4% Y-o-Y, while consolidated EBITDA for the period grew by 3% Y-o-Y and reached KD 512 million (USD 1.7 billion), reflecting a healthy EBITDA margin of 47%. Consolidated net income reached KD 157 million (USD 519 million), up 2% and reflecting Earnings Per Share of 40 Fils (USD 0.13).

For the full-year 2016, foreign currency translation impact, predominantly due to the 60% currency devaluation in Sudan from 6.4 to 15.9 (SDG / USD) in the beginning of November 2016, cost the company USD 92 million in revenue, USD 38 million in EBITDA and USD 44 million in net income.

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