Zain - Cell Phones Iraq

Introduction: Ahead & Growing Zain (formerly MTC) is the pioneer of mobile telecommunications in the Middle East and now a major player on the African continent. Today, we are a leading wireless services provider in seven Middle Eastern and 15 sub-Saharan African countries with over 15,000 employees providing a comprehensive range of mobile voice and data services to 45.7 million active individual and business customers... Read more
Milestones Zain (formerly MTC) was established in 1983 in Kuwait as the first mobile operator in the region. Our successful track record is evident through the many firsts to our name and our expansion over the years...... Read more
Our Vision The Group aspires to increase its client base in operational stages driven by further expansions as foreseen by Dr Saad Al Barrak, ZainÌs CEO, who has taken the reins in successfully transforming the Group into a leading mobile communications company... Read more
Our Strategy MTC strategy focuses on combining value creation and internal growth from existing operations with aggressive expansion into new geographies. To pursue this strategy MTC is building on four strategic elements... Read more
Financial Highlights Given our expansion in recent years, it is natural that revenues increase as customer numbers increase. As at December 31, 2007, Zain is serving a growing customer base of over 42.4 million active customers in 22 countries in the Middle East and Africa, reflecting an increase of 57% when compared to the 12 months of 2006. Zain recorded consolidated revenues of USD 5.91 billion (KD1.677 billion) for 2007, an increase of 32% compared to 2006. The consolidated EBITDA increased by 25% compared to last year and reached USD 2.56 billion (KD 725.34 million). Zain also announced a milestone consolidated net income of US$1.130 billion (KD320.45 million) as compared to US$1.015 billion (KD 294.98 million) in 2006 an increase of 11%. Earnings per share stood at US$0.61 (172 fils) as against US$0.55 (159 fils) in the prior year period, an upsurge of 11%. Read more
Customer base per country as at March 31, 2008 The year ending March 31, 2008 has witnessed a remarkable 54% growth in active customer numbers in the Middle East and Africa to total 45.742 million across the Zain group of companies. The Middle East active customer total was 16,349 million and Africa's Celtel customer base was 29,393 million... Read more
Our Strengths Our strong financial status, our powerful brand recognition, our substantial growth over the years, the multitude of benefits we achieve through utilization of our group of company synergies all contribute in providing better services for our clientele and in increasing shareholder returns.... Read more