Kuwait: Zain Group, a leading provider of innovative technologies and digital lifestyle communications operating in eight markets across the Middle East and Africa, announces its consolidated financial results for the nine-month (9M) and third-quarter (Q3) periods ended 30 September, 2023, serving 52 million customers.
For 9M 2023, Zain generated consolidated revenue of KD 1.4 billion (USD 4.6 billion), up 11% year-on-year (YoY), while consolidated EBITDA for the period reached KD 530 million (USD 1.7 billion), up 8% YoY, reflecting an EBITDA margin of 37%. Consolidated net income increased 13% YoY, amounting to KD 172 million (USD 561 million). Earnings per share amounted to 40 fils (USD 0.13) for the nine-month period.
In Q3 2023, Zain generated consolidated revenue of KD 485 million (USD 1.6 billion), up 10% YoY. EBITDA for the quarter reached KD 183 million (USD 594 million), an…
