Zain Group reports 10% revenue and net profit increase to $6.2bn and $701m in 2023, attributing success to operational efficiency, network upgrades, and new business verticals.
Zain Group, a major telecom operator in the Middle East and Africa, reports a 10% increase in 2023 consolidated revenue to $6.2bn and a 10% rise in net profit to $701m. The company attributes these positive results to operational efficiency, network upgrades, and new business verticals. Serving 50.6 million customers, Zain Group's 2023 consolidated EBITDA increased by 5% Y-o-Y, reaching $2.3bn, with an EBITDA margin of 37%.
March 06, 2024
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