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Strategic Review

2019 AT A GLANCE

Strategic Review

STRATEGIC REVIEW

GOVERNANCE

financial Review

Financial STATEMENTS

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KEYMILESTONES

العربية

1983

Established Mobile Telecommunications Company (MTC) in Kuwait

2003

Acquired Fastlink in Jordan
Awarded 2nd GSM license in Bahrain
Awarded GSM license in Iraq

2004

Awarded management agreement in Lebanon

2005

Acquired Celtel in 13 African nations
Acquired Madacom in Madagascar

2006

Acquired the remaining 61% of Mobitel in Sudan
Acquired 65% of V-mobile in Nigeria

2007

Won bid for 3rd GSM license in KSA
Rebranded to Zain in 4 markets
Acquired a 15-year nationwide license in Iraq
Acquired 75% of Westel Ghana
Acquired Iraqna in Iraq

2008

Merged MTC Atheer and Iraqna, and rebranded to Zain
Rebranded from Celtel to Zain in all African operations
Commenced operations in KSA
Commenced operations in Ghana

2009

Invested in 15.5% of Moroccan operator Inwi

2010

Sold mobile operations in 15 African countries (excluding Sudan and Morocco) to Bharti Airtel for $10.7 billion

2011

Separated operations between Sudan and South Sudan

2012

Zain KSA raised $1.6 billion in rights issue and Group increased stake in the operation to 37%
Increased stake in Zain Iraq to 76%

2013

Zain celebrates its 30th Anniversary

2014

Listed Zain Bahrain on Bahrain Bourse

2015

Listed Zain Iraq on Iraq Stock Exchange

2016

Zain Sudan launched 4G LTE high speed technology
Zain KSA mobile operating license extended for additional 15 years
Zain KSA granted Unification telecommunication license

2017

Zain sells 425.7m treasury shares representing 9.84% of its capital to Omantel for $846.1m

2018

Zain Saudi Arabia becomes a subsidiary of Zain Group due to step-up acquisition in Q3-2018

2019

Launch of commercial 5G services in Kuwait and Saudi Arabia