Zain KSA has announced its financial results for the first quarter of 2024, reporting a revenue of SAR 2.5 billion. This marks a 4.7% increase compared to the revenue generated during the same period in 2023. Zain KSA reported a net profit of SAR 67 million compared to SAR 1.1 billion in the first quarter of last year.
du has launched its newest plug and play product, du Smart Car, which provides multiple benefits to both car drivers and passengers.
Zain Group announced the publication of its 13th annual sustainability report, entitled “A Pathway to Value Creation,” which reflects the company’s progress and efforts to address deficits and challenges across its footprint, while providing “Meaningful Connectivity” that leads to equitable systemic change through the UN’s Sustainable Development Goals (SDGs).
e& claimed the top spot in the Brand Finance Middle East 150 and Brand Finance UAE 50 reports for 2024, and was consequently recognized as the fastest-growing technology brand in the Middle East.
The Commercial Bank of Dubai (CBD), one of the most prominent national banks in the United Arab Emirates (UAE), has selected HPE GreenLake, hosted in du’s hyper-connected and Tier III Certified data centers, to accelerate CBD’s hybrid cloud journey and optimize the customer and team member experience.
Ooredoo Group announced its financial results for the first quarter of the year on a strong note. To highlight, the company delivered a revenue of QAR 5.9 billion, up by 4%, with an increase in normalized net profit of QAR 1 billion, up by 26%.
stc Group has announced its financial results for the first quarter of the year. “We are proud of the achievements, contributions and initiatives that the Group has undertaken to this day, and we are determined to be committed to being a vital tributary to the national economy, and a major enabler of digital transformation in various fields and sectors,” commented Olayan Mohammed Alwetaid, stc Group CEO.
Zain KSA has signed the ‘Sustainability Champions Initiative,’ a pivotal initiative spearheaded by the Ministry of Economy and Planning during the World Economic Forum, in Riyadh. Recognized as one of the Kingdom's sustainability pioneers, Zain KSA has been selected as one of the top 22 national companies due to its unwavering commitment to sustainable practices.
The Zain Group Annual General Meeting (AGM) was held at Zain Group’s headquarters in Kuwait, attended by a quorum of 77% of shareholders. During the AGM, Zain Group’s 2023 annual report entitled “40 Years of Pioneering Innovation and Sustainable Growth” was presented, highlighting the financial statements, governance and auditors reports and the major achievements of Zain Group, its operations and subsidiaries across the Middle East and Africa for the previous year. Additionally, Zain Group released its 2023 Sustainability Report.
e& has released its consolidated financial results for Q1 2024, reporting a consolidated revenue of AED 14.2 billion, growing 9% year-over-year, while consolidated net profit increased to AED 2.3 billion, a year-over-year growth of 7%. The group’s consolidated EBITDA reached AED 6.4 billion, growing 3% year-over-year, resulting in an EBITDA margin of 45%.
