Zain Group holds AGM with a quorum of 80.1%

Zain Group holds AGM with a quorum of 80.1%

Assembly also approves adoption of a minimum cash dividend policy of 35 fils per share for three years commencing 2023 and elect new Board of Directors for three years

- Zain Group Chairman Ahmed Al-Tahous: “Over the past three years the Board focused on multiple initiatives to build a sustainable digital communications company”

- Zain Vice-Chairman and Group CEO, Bader Al Kharafi: “The enhanced dividend policy provides a clear indication of the strength of our financial solvency and confidence we have in our 4Sight strategy”

- Cash dividends to be distributed to eligible shareholders on 11 May 2023

- Future dividend distributions to reflect an average annual yield of 8% for entitled shareholders

- 4Sight strategy driving digital transformation, innovation and revenue growth

- Zain publishes 2022 Annual Report and 2022 Sustainability Report available only in digital format

Kuwait City: The Zain Group Annual General Meeting (AGM) was held at the Zain Group’s headquarters in Kuwait, attended with a quorum of 80.1% of shareholders whereby they were presented with the Zain Group’s 2022 annual report which highlights the financial statements, Governance and Auditors reports and the major achievements of Zain Group and its operations and subsidiaries across Middle East and Africa, for the year ended December 31,