11 July 2021 – 1 Dhu al-Hijjah 1442
Maintained profitability and operations are preparing to move into a new growth phase
“Zain Saudi Arabia” achieves retained profits after amortizing all its accumulated losses
Zain Saudi Arabia announced its financial results for the second quarter of 2021, which showed that its financial results for the second quarter of 2021, where its profits amounted to 42 million riyals, while the total revenues for this period amounted to 1,896 million riyals.
It was able to achieve great profits, after it was able to achieve its accumulated sales figures, according to the time option of the capital structuring strategy, for the first time in its history, through a major brand that entered a new era of growth, in parallel with enhancing the quality of services, and surpassing The challenges posed by the emerging corona virus.
Prince Nayef bin Sultan Al Kabeer, Chairman of the Board of Directors of Zain Saudi Arabia, said: “The financial results are our complete goals to achieve our goals for the stage of the stage, and the company has also maintained a profitability path thanks to its distinguished strategy, which contributed to achieving its investment goals, in line with the objectives of the Kingdom’s Vision 2030. in all areas.
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For his part, the CEO of “Zain Saudi Arabia”, Engineer Sultan bin Abdulaziz Al-Deghaither, said: “The company has succeeded in achieving balance in financial performance, and continuing to develop its operational path at all levels, as a model brand, the largest network of the fifth generation (5G) In 50 Through 4700 towers, which has achieved the best experience of the fifth generation (5G) services in the Kingdom and established in its presence its presence in the previous episode and innovative digital solutions, it contributes directly, including to local production, and among these real estate companies, the property of “Khaleej” company NEOM, the exclusive partnership with the Red Sea Development Company to be the largest construction area fully covered by the fifth generation (5G) network in the Middle East, and the Child Development Organization, Child Development Organization, and the Communications Organization signed Al Faisaliah Project, as a destination, a pioneer for smart services, The teacher, the economy and the brand, Child Development Organization in signing a memorandum of understanding in signing a memorandum of understanding with (cities) j on the global digital image.”
Al-Deghaither thanked the company’s board of directors for the unlimited support the management found in achieving this achievement. And its usages appeared in workshop, Arabic, Arabic, Arabic, Arabic, Arabic, Arabic, Arabic, Arabic, Arabic, Arabic.
And he was associated with commercial networks, and the CEO of “Zain Saudi Arabia”, “the future, economically, economically, economically, economically, economically, economically, economically, economically, economically, economically, economically.” Various topics that have been changed in a new stage, where you can switch In a new stage, in addition to establishing a new position in the world of innovation, and product development of products in this field such as financial, healthcare, digital entertainment, drone solutions, and others.”
It is worth noting that the “Zain” group obtained classifications submitted in the management (B) scope, which is the classification for disclosure, after a license in production and special requirements for disclosure.
A contribution to a strategic partnership with the Youth Foundation (Mentor Saudi Arabia) to launch a meaningful and youth program development foundation. and their professional abilities, creativity and innovation, and enhance their participation in various fields of social work and human development.
A company specializing in measuring internet speeds announced that Zain Saudi Arabia won the fastest home in the Kingdom for the third consecutive year, for the first half of 2021.
And it excelled with the best fifth-generation (5G) network and performance in the capital, Riyadh, according to the umlaut global report for this year, which contributed to Riyadh being the fastest among the capitals of the world at the level of fifth-generation (5G) speeds, ahead of the capitals of Tokyo and Dublin.
“Meqas” report, representing the Communications and Information Technology Commission for the first quarter of 2021, to lead “Zain Saudi Arabia” in fifth generation (5G) services in all regions and cities of the Kingdom covered by the report, and issued it in average download speeds for the fifth mobile generation. Zain Saudi Arabia won first place in the Game Mode Report with the Communications and Information Technology Commission for the first quarter of 2021 AD in 4 electronic games: Fortnite, FIFA 21, APEX Legends and Dota 2, and the average time index of fifth generation networks (5G). ) mobile at the level of the Kingdom.