Zain pays out dividend of 33 fils per share

Zain pays out dividend of 33 fils per share

KUWAIT: Zain Group Annual General Meeting (AGM) was held today at Zain Group's headquarters in Kuwait, with a livestreaming available for shareholders and qualified parties, attended with a quorum of 72.49 percent that approved the recommended cash dividend of 33 percent (33 fils per share) to the shareholders already registered in the company's record as of 1 April 2020. Cash dividends will be paid to shareholders commencing April 7, 2021.

Excerpts from Zain Group Chairman Ahmed Al-Tahous' statement at the AGM:

On behalf of the Board of Directors I would like to welcome you to the AGM. The COVID-19 pandemic broadly affected economies across the globe, which were plunged into a state of uncertainty. Society, governments and all economic activity relied more than ever on telecommunication networks and digital platforms, as the exceptional circumstances increased the demand for data use, especially to remain in contact with loved ones and access other vital day-to-day services and important information, given the limitations on mobility, locally and travel abroad.

On its part, Zain Group mobilized all its resources to provide vital and meaningful connectivity during the lockdowns, implementing more digitalization initiatives to better serve businesses, governments, and societies, aiming to lessen the impact of the pandemic