Kuwait City — October 31, 2025:
Zain Group has reported record-breaking results for the third quarter and nine months of 2025, achieving its highest revenue in 16 years and solidifying its position as one of the Middle East and Africa’s leading digital operators. The Group now serves 51.3 million active customers, up 9% year-on-year, as it continues executing its transformative 4WARD business strategy.
Record Financial Performance
For the first nine months of 2025, Zain recorded KD 1.7 billion (USD 5.4 billion) in consolidated revenue — a 15% year-on-year increase. EBITDA grew 16% to KD 552 million (USD 1.8 billion), representing a 33% margin, while net income surged 31% to KD 178 million (USD 581 million).
The company announced a second interim cash dividend of 25 fils per share, due November 19, reflecting what it called its “high liquidity and financial strength.”
Digital Transformation and Diversification
Zain’s strategic expansion beyond traditional telecoms has accelerated, with fintech, enterprise, and digital services driving growth.
- Fintech revenues rose 57% YoY, led by Tamam (Saudi Arabia) and Zain Cash (Iraq and Jordan).
- Enterprise solutions through ZainTECH grew 74% YoY.
- Zain Omantel International (ZOI) reported a 172% revenue increase.
The Group invested USD 699 million in CAPEX, prioritizing 5G expansion, AI-driven automation, and network modernization across eight markets. Data services contributed 37% of total revenue, growing 11% YoY to USD 2 billion.
Leadership Commentary
Osamah Al Furaih, Chairman of Zain Group, praised the company’s resilience amid regional and global challenges:
“Our operations have shown great resilience to grow market share despite competitive and socio-economic pressures. The Board remains focused on ESG leadership and digital innovation to enhance long-term value.”
Bader Al-Kharafi, Vice-Chairman and Group CEO, added:
“The disciplined execution of our 4WARD strategy, anchored in AI and automation, is transforming how we operate and serve our customers. These results — the best in 16 years — mark a defining step in Zain’s evolution as a technology leader dedicated to improving lives through connectivity.”
Regional Highlights
- Kuwait: Revenue up 5%, net income KD 60 million (USD 196 million).
- Saudi Arabia: Q3 revenue USD 733 million, 5G covers 90 cities, driving 40% of total revenue.
- Iraq: Revenue USD 942 million, up 18%, with 20 million customers.
- Sudan: Revenue surged 147%, restoring over 650 sites amid recovery.
- Jordan and Bahrain: Steady 5G and FTTH expansion supporting digital growth.
Sustainability and Innovation
Zain earned an upgraded MSCI ESG rating of ‘A’ and won “Best Corporate Governance in Kuwait” for the fifth consecutive year. Its Zain Great Idea (ZGI) 2025 Accelerator expanded to six countries, nurturing regional startups and entrepreneurs.
With record revenues, a fast-growing digital ecosystem, and sustained investment in technology and sustainability, Zain Group’s 2025 performance reinforces its transformation into a digitally diversified powerhouse leading MENA’s next wave of innovation and inclusion.
