Zain 2021 net profit rises 2% to $616mn – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Zain 2021 net profit rises 2% to $616mn – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

BOARD PROPOSES CASH DIVIDEND OF 23 FILS FOR H2 2021

KUWAIT CITY, Feb 10: Zain Group, a leading telecom innovator in seven markets across the Middle East and Africa, announces its consolidated financial results for the full-year 2021, and fourth quarter ended 31 December, 2021. The Group ended the year with a customer base of 48.9 million, an annual increase of 2.4%, refl ecting an addition of 1.2 million customers. For the full-year 2021, Zain Group generated consolidated revenue of KD 1.5 billion (USD 5 billion), a year-on-year (Y-o-Y)decrease of 5%. Consolidated EBITDA for the period declined by 5% Y-o-Y,to reach KD 628 million (USD 2.1 billion), refl ecting an EBITDA margin of 41%. Consolidated net income reached KD 186 million (USD 616 million), up 2% Yo- Y and reflecting earnings per share of 43 Fils (USD 0.14).