{"id":40081,"date":"2021-10-25T16:03:36","date_gmt":"2021-10-25T13:03:36","guid":{"rendered":"http:\/\/www.indexeconomic.com\/?p=40081"},"modified":"2021-10-25T16:03:38","modified_gmt":"2021-10-25T13:03:38","slug":"zain-ksa-achieves-45-growth-in-profits","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=40081","title":{"rendered":"Zain KSA achieves 45% growth in profits"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"> <strong>Stable performance and a vertical expansion of services<\/strong> <\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-left\">Zain KSA\nhas achieved stabilized profits for Q3 2021, recording 60 million riyals in\nprofits compared to 42 million riyals for Q2 of the same year, posting a 45\npercent growth. The company made 1,984 million riyals in revenues,\naccomplishing a growth rate of 4% during Q3 2021, as compared to Q2 2021.<\/p>\n\n\n\n<p class=\"has-text-align-left\">These\nresults reflect the company\u2019s ability to overcome the challenges imposed by the\nCOVID-19 crisis which has affected most business sectors and restricted Hajj\nand Umrah activities in observance of the health prevention policies set to\ncombat the pandemic. They also demonstrate Zain KSA\u2019s stable operational and\nfinancial performance, and its dedication to its strategy in aims to promote\nquality investments towards innovation and the implementation of high standards\nin areas such as governance, financial efficiency, and enhancing services. <\/p>\n\n\n\n<p class=\"has-text-align-left\">Commenting\non Zain KSA\u2019s fiscal performance, Zain KSA CEO Eng. Sultan bin Abdulaziz\nAl-Deghaither, said: \u201cZain KSA continues to pursue its ambition to become a\npioneering provider of world-class digital services that fulfill current\ndemands and foresees future trends. These results conclude a series of\naccomplishments that convey the company\u2019s strategic aspirations and reiterate\nits new path for growth, high retained earnings, and a continued rise in\nprofits for the thirteenth consecutive quarter. This points to three main\nindicators, first Zain KSA\u2019s ability to follow a highly effective operational\nand financial management scheme, and second its dedication and loyalty to its\nshareholders, and finally its efforts to present top products and services that\nfulfil the needs of both our individual and business clients.\u201d He added: \u201cThe\nprogress of our Kingdom remains our foremost goal, and for that we work hard in\nline with the directives of our astute leadership and the targets outlined in\nVision 2030, especially regarding achieving a comprehensive digital\ntransformation and augmenting Saudi Arabia\u2019s position on the global competitive\nlandscape pertaining to the ICT sector, and enhancing the quality of life.\u201d <\/p>\n\n\n\n<p class=\"has-text-align-left\">He added:\n\u201cWe reiterate our commitment to position Zain KSA as a top innovator and\npreferred provider of digital services in Saudi Arabia, currently serving 51\nSaudi cities.\u201d Al-Deghaither also stated: \u201cWe reiterate Zain KSA\u2019s commitment\nto its expansion plans through further investment and a focus on vertical\nexpansion of services over the next phase, through launching 5G applications\nthat utilize this vital technology which has become the technological backbone\nfor many industries, and an enabler of economic growth and sustainable\ndevelopment especially in the fields of IoT, AI, cloud computing, and Big\nData.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-left\">The\nCommunications and Information Technology Commission (CITC) has recently\nrevealed that Zain KSA has ranked first in recording the fastest 5G speeds as\nwell the widest coverage in the city of Riyadh.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Notably,\nZain KSA has launched an electronics recycling program in cooperation with the\nNational Environmental Recycling Company (Tadweer) for recycling electronic\nwaste. This comes within Zain KSA\u2019s corporate and social sustainability policy\nto achieve the highest level of cooperation with the UN Sustainable Development\nGoals and the goals of Saudi Vision 2030 to improve the quality of life and\nprotect the environment as per the &#8220;Saudi Green&#8221; and &#8221; Middle\nEast Green&#8221; initiatives.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Moreover,\nZain KSA continues to augment its role within the corporate sustainability\nfront, and has entered into a strategic partnership with the Youth Empowerment\n(Mentor Saudi) to launch targeted programs and effective initiatives to develop\nyouth life skills and professional abilities, encourage them to be creative and\ninnovative, and enhance their participation in various fields of social work\nand human development.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Zain KSA\nadditionally achieved several notable accomplishments within the ICT sector\nthat positioned it as a leading provider of home internet bundles and enabled\nit to attain local, regional, and global accolades. It was named by Ookla\nglobal, owner of the globally acclaimed Internet speed measuring website\nSpeedTest, as Saudi Arabia\u2019s fastest fixed internet for the third consecutive\ntime for H1 2021.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Zain KSA\nwas also named the best (5G) network and data performance in Riyadh in this\nyear\u2019s report from umlaut, the world leader in the field of testing the\nefficiency of communication networks, placing the Saudi capital amid 5G\npioneering cities worldwide such as Tokyo and Dublin. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stable performance and a vertical expansion of services Zain KSA has achieved stabilized profits for Q3 2021, recording 60 million riyals in profits compared to 42 million riyals for Q2 of the same year, posting a 45 percent growth. The company made 1,984 million riyals in revenues, accomplishing a growth rate of 4% during Q3 &hellip;<\/p>\n","protected":false},"author":2,"featured_media":40082,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-40081","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zain KSA achieves 45% growth in profits - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/indexeconomic.com\/?p=40081\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zain KSA achieves 45% growth in profits - \u0635\u062d\u064a\u0641\u0629 \u0627\u0644\u0645\u0624\u0634\u0631 \u0627\u0644\u0625\u0642\u062a\u0635\u0627\u062f\u064a\" \/>\n<meta property=\"og:description\" content=\"Stable performance and a vertical expansion of services Zain KSA has achieved stabilized profits for Q3 2021, recording 60 million riyals in profits compared to 42 million riyals for Q2 of the same year, posting a 45 percent growth. 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