Overview
ZAIN KUWAIT
If you're calling
Out of Africa
-- or the Middle East -- you may know this company. Geographically speaking, Mobile Telecommunications Company, operating under the name Zain Group, is a key provider of wireless service in the region, providing mobile voice and data services to more than 39 million customers in seven countries in Africa and the Middle East, including Kuwait, Lebanon (operating as mtc touch), Saudi Arabia, and Sudan.
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Read More Zain was founded in 1983 as the first mobile telecom company in Kuwait and in 1994 was the first in the region to offer roaming services. The company sold off most of its businesses in Africa in 2010 to focus on more profitable areas, primarily in the Middle East.
Read Less
Read More Zain was founded in 1983 as the first mobile telecom company in Kuwait and in 1994 was the first in the region to offer roaming services. The company sold off most of its businesses in Africa in 2010 to focus on more profitable areas, primarily in the Middle East.
Read Less
Badr Nasser Mohammed Al-Kharafi
See more contacts
Management, Scientific, and Technical Consulting Services
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All Other Telecommunications
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Wired and Wireless Telecommunications (except Satellite)
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Telecommunications consultant
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Communication services, nec
See All Industries , Telephone communication, except radio , Cellular telephone services , Internet host services Internet connectivity services
See Fewer Industries
See All Industries , Telephone communication, except radio , Cellular telephone services , Internet host services Internet connectivity services
See Fewer Industries
Accounting, Tax Preparation, Bookkeeping, and Payroll Services
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Advertising, Public Relations, and Related Services
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Architectural, Engineering, and Related Services
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Computer Systems Design and Related Services
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Legal Services
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Other Professional, Scientific, and Technical Services
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Scientific Research and Development Services
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Specialized Design Services
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Estimated
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Modelled
$6.41 billion
Actual
3.3%
-3.61%
$5,264
DEC
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Kuwait:ZAIN
Contacts
Get in Touch with 19 Principals*
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Badr Nasser Mohammed Al-KharafiChief Executive Officer and Vice President
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$6.41 billion
USD
Actual
1 USD = 0.3074 KWD
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $1,366 | $1,781 | $1,596 |
| Net Investing Cash | -$854 | -$128 | -$862 |
| Net Financing Cash | -$791 | -$1,280 | -$729 |
| Net Change in Cash | -$279 | $373 | $6 |
| Cash at Beginning of Period | $1,016 | $736 | $747 |
| Cash at End of Period | $630 | $1,016 | $736 |
| Capital Expenditure | -$696 | -$956 | -$846 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $637 | $1,062 | $782 |
| Accounts Receivable | $1,677 | $1,454 | $1,203 |
| Inventories | $255 | $179 | $157 |
| Other Current Assets | $2,480 | $1,826 | $2,534 |
| Asset Summary | |||
| Total Current Assets | $5,049 | $4,521 | $4,675 |
| Tangible Fixed Assets | $4,705 | $4,162 | $3,892 |
| Intangible Assets | $4,628 | $4,888 | $5,086 |
| Total Assets | $5,264 | $4,996 | $4,950 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $3,023 | $2,667 | $2,344 |
| Short-Term Debt | $2,097 | $553 | $695 |
| Other Current Liabilities | $1,218 | $1,242 | $1,474 |
| Liability Summary | |||
| Total Current Liabilities | $6,337 | $4,461 | $4,513 |
| Long-Term Debt | $2,751 | $3,713 | $3,750 |
| Other Long-Term Liabilities | $ | $12 | $25 |
| Total Liabilities | $10,741 | $9,873 | $9,933 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $1,407 | $1,407 | $1,407 |
| Retained Earnings | $1,681 | $1,487 | $1,278 |
| Equity Summary | |||
| Total Equity | $3,993 | $4,053 | $4,000 |
| Shares Outstanding | 4,327,058,909 | 4,327,058,909 | 4,327,058,909 |