Zain KSA achieves SAR 299mln in net profit at end of Q3 2022

Zain KSA achieves SAR 299mln in net profit at end of Q3 2022

Zain KSA recorded 109% growth in net profit during the first nine months of 2022, compared to the corresponding period 2021, as revenue amounted to SAR6,7 billion by the end of Q3 2022.

With these results, Zain KSA continues to reflect positive financial performance, backed by a strong operational and investment performance and an improved customer experience that leverages the latest digital services. The results are attributed to Zain KSA’s efforts to further deepen the 5G experience for all its customers - B2C, B2B, and B2G – in addition to the resumption of the Hajj season which further fueled demand for its services. The expansion of Zain KSA’s innovative digital offerings, including the Yaqoot App bundles and Tamam Financing, Zain KSA’s FinTech subsidiary, has further driven demand and spurred revenue growth.

Commenting on the financial results, Eng. Sultan bin Abdulaziz Al-Deghaither, CEO of Zain KSA, said: “The results of the first nine months of this year build on Zain KSA’s consistent financial and operational growth. These results confirm Zain KSA’s reliability and attractiveness to our diverse customer base as a 5G partner of choice, an enabler of digital solutions, and a market-leading provider of innovative and efficient digital products. During the third