0
Wireless

Zain Saudi Arabia Q4 revenue up 8% to SAR 1.80 bln

Friday 20 January 2017 | 11:06 CET | News
Zain Saudi Arabia reported an 8 percent increase in revenues to SAR 1.80 billion in Q4 2016, up from SAR 1.67 billion a year earlier. Revenues for the full year 2016 grew by 3 percent to SAR 6.93 billion. Net losses for Q4 narrowed to SAR 135 million, down from SAR 291 million in 2015 and SAR 267 million in Q3 2016, reflecting the lowest net loss since the company's inception.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Mobily / Zain Saudi Arabia
Countries: Saudi Arabia
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Zain KSA signs managed services deal with Huawei

Published 06 Feb 2017 11:33 CET | Saudi Arabia
Zain Saudi Arabia and Huawei Tech Investment Saudi Arabia have signed a five-year managed services agreement that will enable the ...

Zain Bahrain FY revenue falls 9% but customer base expands

Published 01 Feb 2017 09:48 CET | Bahrain
Zain Bahrain reported a 18 percent decline in its net profit to BHD 4.3 billion for the financial year ended 2016 from BHD 5.1 ...

Zain Saudi Arabia offers app with Islamic content

Published 25 Jan 2017 13:59 CET | Saudi Arabia
Zain Saudi Arabia has launched a new smartphone application in collaboration with Shaikh Mishary Al-Afasy. It provides a wide ...

Mobily offers Connect Roaming packages for school holidays

Published 23 Jan 2017 09:31 CET | Saudi Arabia
Saudi operator Mobily has introduced the 'Connect Roaming' packages for the current school term holiday. These packages meet the ...

Zain Saudi to pay Mobily SAR 219 mln in 2008 contract row

Published 14 Nov 2016 09:40 CET | Saudi Arabia
Zain Saudi has been ordered to pay Mobily SAR 219.46 million, following an arbitration award. This follows a SAR 2.2 billion ...

Zain Group expects to complete Saudi tower sale in H1 2017

Published 11 Nov 2016 11:21 CET | Saudi Arabia
Zain Group expects to sell its mobile transmitter towers in Saudi Arabia for more than USD 500 million in the first half of ...

Zain KSA secures loan facility from China's ICBC

Published 25 Aug 2016 12:01 CET | Saudi Arabia
Zain Saudi Arabia has signed a long-term commercial loan facility agreement with the Industrial and Commercial Bank of China ...

Zain Saudi Arabia reaches 10.7 mln customers in H1

Published 01 Aug 2016 09:39 CET | Saudi Arabia
Zain Saudi Arabia had a rise in its number of subscribers to 10.7 million in the first six months of 2016. Revenues grew 5 ...