{"id":60293,"date":"2022-11-02T23:31:50","date_gmt":"2022-11-02T20:31:50","guid":{"rendered":"http:\/\/www.indexeconomic.com\/?p=60293"},"modified":"2022-11-02T23:31:51","modified_gmt":"2022-11-02T20:31:51","slug":"zain-ksa-achieves-sar299-million-in-net-profit-at-end-of-q3-2022","status":"publish","type":"post","link":"https:\/\/indexeconomic.com\/?p=60293","title":{"rendered":"Zain KSA achieves SAR299 million in net profit at end of Q3 2022"},"content":{"rendered":"\n<h2 class=\"wp-block-heading\"> <strong>Posting 109% profit growth in the first nine months<\/strong> <\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-text-align-left\">Zain KSA recorded 109% growth in\nnet profit during the first nine months of 2022, compared to the corresponding\nperiod 2021, as revenue amounted to SAR6,7 billion by the end of Q3 2022.<\/p>\n\n\n\n<p class=\"has-text-align-left\">With these results, Zain KSA\ncontinues to reflect positive financial performance, backed by a strong\noperational and investment performance and an improved customer experience that\nleverages the latest digital services. The results are attributed to Zain KSA\u2019s\nefforts to further deepen the 5G experience for all its customers &#8211; B2C, B2B,\nand B2G \u2013 in addition to the resumption of the Hajj season which further fueled\ndemand for its services. The expansion of Zain KSA\u2019s innovative digital offerings,\nincluding the Yaqoot App bundles and Tamam Financing, Zain KSA\u2019s FinTech subsidiary,\nhas further driven demand and spurred revenue growth.<\/p>\n\n\n\n<p class=\"has-text-align-left\">Commenting on\nthe financial results, Eng. Sultan bin Abdulaziz Al-Deghaither, CEO of Zain\nKSA, said: \u201cThe results of the first nine months of this year build on Zain\nKSA\u2019s consistent financial and operational growth. These results confirm Zain\nKSA\u2019s reliability and attractiveness to our diverse customer base as a 5G partner\nof choice, an enabler of digital solutions, and a market-leading provider of innovative\nand efficient digital products. During the third quarter of 2022, we continued\nto deepen our 5G network experience and upgrade our digital infrastructure to\nserve individuals, enterprises, and giga-projects in Saudi Arabia with the\nultimate goal of positioning the Kingdom among the world\u2019s future tech leaders\nand providing ultra-fast, reliable Internet. While we will continue our targeted\ninvestments to promote the Saudi ICT sector, we will focus on the Fintech\nsector, exploring the promising growth opportunities and bringing in new financing\nsolutions through our emerging FinTech arm Tamam. In addition to attracting and\nlocalizing the latest technologies, during Q3 2022 we continued to support young\nnational talent and provide employment and training opportunities for them. We\nparticipated in the 8<sup>th<\/sup> edition of \u2018A Step Ahead\u2019 career fair, where\nwe reached out to young talents seeking to leverage their competencies to\naccelerate the ICT sector Localization.\u201d<\/p>\n\n\n\n<p class=\"has-text-align-left\">Zain KSA has\nrecently stepped up its contribution to the regional eSports sector, by rolling\nout the new regional digital entertainment platform PLAYHERA MENA in\ncollaboration with global gaming platform PLAYHERA to target the Middle East\u2019s\nmarkets. Headquartered in Saudi Arabia, PLAYHERA MENA will create a suitable\nenvironment for innovators, content designers and esports amateurs besides\nfostering the capabilities of professional gamers. As part of its environmental\nsustainability action and encouraging the transition to a circular economy,\nZain KSA was one of the first companies to support \u2018Recycle your Device\u2019\ne-waste recycling campaign launched by the Communications and Information\nTechnology Commission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Posting 109% profit growth in the first nine months Zain KSA recorded 109% growth in net profit during the first nine months of 2022, compared to the corresponding period 2021, as revenue amounted to SAR6,7 billion by the end of Q3 2022. With these results, Zain KSA continues to reflect positive financial performance, backed by &hellip;<\/p>\n","protected":false},"author":2,"featured_media":60294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[439],"tags":[],"class_list":["post-60293","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 v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zain KSA achieves SAR299 million in net profit at end of Q3 2022 - \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=60293\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Zain KSA achieves SAR299 million in net profit at end of Q3 2022 - \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=\"Posting 109% profit growth in the first nine months Zain KSA recorded 109% growth in net profit during the first nine months of 2022, compared to the corresponding period 2021, as revenue amounted to SAR6,7 billion by the end of Q3 2022. 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