Page 36 - SAMENA Trends - October-December 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

platform, Zain removes a significant
barrier to the development of profitable
digital partnerships from across the globe,
enhancing the time-to-market rollout
of appealing entertainment and gaming
services to our customers. Currently,
Dizlee has partnership agreements with
more than 42 global OTT and solutions
providers offering 213 different digital
innovations and processing over 200
million payment transactions that has
generated over USD 340 million in gross
revenues since launching mid-2018.
SAMENA Telecommunications Council
is a tri-regional, non-profit telecoms
association that embodies a community
of South Asian and MENA regional telcos,
manufacturers, regulatory authorities, and
academia that focuses on issues pertinent
to operators and providing advocacy. MEA
Business is the region's first augmented areas that include Training and Education, ambitions to expand the range and quality
reality business publication committed to Aviation, Travel, Energy, Hospitality, Travel of business and consumer services made
reporting positive business developments and Technology. These three prestigious available to its individual, enterprise and
in the Middle East and Africa with focus accolades underscore Zain Group’s government customers across the region.

Zain Group Q3 and 9M 2024 Revenue Reaches 15-Year High

Zain Group, a leading provider of
innovative technologies and digital
lifestyle communications operating in
eight markets across the Middle East
and Africa, announced its consolidated
financial results for the third quarter (Q3)
and nine-month (9M) periods ended
September 30, 2024, serving 47.2 million
customers. For 9M 2024, Zain generated
a 15-year high consolidated revenue of
KD 1.45 billion ($4.71 billion), up 2 percent
YoY. Consolidated EBITDA for the period
reached KD 505 million ($1.65 billion),
with normalized EBITDA growth (excluding
number range claim) remaining stable YoY,
reflecting an EBITDA margin of 35 percent. month period of 2023. Earnings per share 180 million ($589 million), reflecting a 36
Net income for the 9-month period reached amounted to 31 fils ($0.10) for the nine- percent EBITDA margin. Net income for the
KD 136 million ($442 million) representing month period. In Q3 2024, Zain generated three months amounted to KD 54 million
normalized net income growth of 6 a 15-year high consolidated revenue of KD ($177 million), an increase of 1 percent
percent, adjusted for number range claim 501 million ($1.64 billion), up 4 percent YoY. Earnings per share for Q3 amounted
and Tower transaction gain during nine- YoY. EBITDA for the quarter reached KD to 13 fils ($0.04).

36 OCT-DEC 2024