Zain reports record revenue, big growth in digital services
Zain Group reported record financial results for the first nine months of 2025, with consolidated revenue reaching KD 1.7 billion (USD 5.4 billion), a 15% year-over-year increase—the highest in 16 years. Net income increased 31% to KD 178 million (approximately USD 581 million), and earnings per share reached 41 fils (approximately USD 0.13). The company declared a second interim dividend of 25 fils per share, payable on November 19, following an earlier dividend of 10 fils per share.
The strong performance stems from Zain’s 4WARD strategy, which blends financial discipline with expansion into digital services. Fintech revenue surged 57%, driven by Tamam in Saudi Arabia and Zain Cash in Iraq and Jordan. Enterprise solutions under ZainTECH grew by 74%, while Zain Omantel International saw a revenue jump of 172%. Data services now account for 37% of total revenue, representing an 11% year-over-year increase. The company invested USD 699 million in 5G, AI, and network upgrades across its eight markets.
All regions showed robust growth. Zain Iraq led the way with USD 942 million in revenue, a 18% increase. Zain Sudan reported a 147% revenue increase in Q3, despite ongoing challenges. Kuwait, Saudi Arabia, Jordan, and Bahrain also recorded steady gains, supported by the expansion of 5G and fiber networks. With an upgraded MSCI ESG rating of ‘A’ and recognition for corporate governance, Zain is positioning itself as a diversified digital leader across the Middle East and Africa.
