ZAIN HOMEPAGE

BOARD OF DIRECTORS

BOARD OF DIRECTORS
MESSAGE

2018 AT A GLANCE

KEY MILESTONES

VICE CHAIRMAN & GROUP
CEO STATEMENT

GROUP KEY PERFORMANCE
INDICATORS

OPERATIONS OVERVIEW

A YEAR IN REVIEW

THE WORLD OF ZAIN

OPERATIONS SNAPSHOT

REGULATORY LANDSCAPE

OUR STRATEGY

TOGETHER WE ARE ZAIN

TECHNOLOGY

ZAIN DRONE

COMMERCIAL

CORPORATE
SUSTAINABILITY

ANNUAL CORPORATE
GOVERNANCE REPORT

CONSOLIDATED ANNUAL
FINANCIAL STATEMENTS
AND INDEPENDENT
AUDITOR'S REPORT

Table of Contents
A YEAR IN REVIEW

JANUARY

1. Zain Sudan launches partnership with Facebook as the first company in the country to do business with an American entity after sanction uplift for Sudan, allowing customers to access Facebook without internet connection.

2. Zain Innovation Campus (ZINC) in Jordan was the recepient of a Mohammed Bin Rashid Awards for Young Business Leaders accolade for being the Best Social Entrepreneurship Responsibility Initiative in the Arab World.

3. The commencement of Zain Group’s ‘Generation Z 2018’ program for six high-caliber Kuwaiti graduates, who were selected to enter the initiative following a rigorous assessment process.

4. Zain Jordan launches ‘Dezain Space’, a platform to support designers in Jordan enabling talented and creative youth to turn their ideas into productive projects.

FEBRUARY

1. Publishing of Zain’s Thought Leadership Report entitled ‘‘Saving Lives by Empowering People through Zain Cash”, a dynamic and life enhancing mobile banking service that allows unbanked consumers to undertake financial transactions

2. touch Lebanon launches investment fund ‘MIC Ventures’ to invest in ICT startups as well as providing entrepreneurs with an incubator working space, logistics, and technical support.

3. Zain Iraq partners with Instagram to promote its products, services, offers and competitions on Instagram Stories platform, a first in Iraq in terms of using social media as an advertising communication platform for corporations

4. Entering agreement with Google Cloud’s Apigee Edge API Platform at MWC Barcelona to launch Application Program Interface (API) Platform, exposing Zain’s APIs facilitating a faster and more cost-efficient launch of new digital services. At the same time, teaming up with the European unit of Japan’s NTT DoCoMo Digital to enhance gaming offerings.

5. touch Lebanon launches the “touch Innovation Program” (TIP) in partnership with ArabNet, and with the support of Antwork in the custom development of a co-working space at the touch LAB whereby every six months, TIP will identify and incubate 4-6 promising entrepreneurs

MARCH

1. Memorandum of Understanding (MoU) signed with Ericsson creates a roadmap to jointly develop and test selected 5G and Internet of Things (IoT) cases

2. Enters MoU with Huawei to explore innovative solutions to continue investing in key areas of talent development and digital transformation including 5G testing and exploiting the vast opportunities in cloud services and gaming.

3. Announced a strategic partnership with Apigate, a subsidiary of Axiata Digital, to procure and provide API services via Zain’s API Hub for its operating companies and end users.

4. Launch of Zain Life, a new brand that offers customers a portfolio of innovative and flexible digital services and solutions in the areas of Smart Homes, Digital Entertainment, and Customer Experience.

APRIL

1. Winners announced of the Zain sponsored MIT Enterprise Forum PanArab Startup Competition, an annual competition designed to support and celebrate innovation in the Arab world

MAY

1. Opening of Zain Innovation Center (ZINC) in Kuwait, a youth empowerment initiative creating a co-working hub, the first of its kind in Kuwait provided by a corporate entity aiming to bolster youth entrepreneurship and the country’s startup ecosystem.

JUNE

1. Zain Kuwait launches the first integrated 5G technology on its network, representing a quantum leap in the operational efficiency of its network, in several prominent locations as an early initiative for its customers.

2. Zain KSA refinances its SAR 5.9 billion existing Murabaha facility for five years at preferential terms, with an additional working capital facility of SAR 647 million for two years

3. Zain Kuwait launches gaming platform with DOCOMO Digital, allowing customers to enjoy more than 1,000 popular high-quality brands on iOS, Android and Windows

JULY

1. Zain joins other global mobile operators committing to adopt and implement the GSMA IoT Security Guidelines, that outline best practice and recommendations for Internet of Things (IoT) security for the entire IoT ecosystem.

AUGUST

1. Finalizes a USD700 million, five-year Revolving Credit Facility with a syndicate of regional and international banks that refinances a USD800 million Revolving Credit Facility arranged in 2014.

2. touch Lebanon selected as the top performing telecom company for the Anghami services, MENA’s biggest home-grown music streaming platform that connects more than 60 million users.

SEPTEMBER

1. Company's innovative internal ideas generating e-platform Zainiac, selects three startup initiatives to incubate towards commercialization offering full financial and strategic support.

2. Zain crowned ‘Best Brand’ at Telecom World Middle East Awards 2018 for the fifth consecutive year.

3. Zain Kuwait launches zBot, an all-new interactive digital channel for smart customer service, utilizing the latest artificial intelligence solutions to interact and respond to customer inquiries in a fully automated manner.

4. Zain Sudan launches Tak Tik, a flexible service allowing customers to buy a bundle of units with full flexibility and without any restriction of use between data, voice and SMS.

5. Zain Jordan awarded the "Best Financial Technology Solutions - Fintech Telecom Company" by a regional telecom operator for its Zain Cash service, at the JFEX 2018 Awards.

OCTOBER

1. Zain Kuwait showcases its digital capabilities at GITEX, showcasing its capabilities as an active partner in achieving the goals of the New Kuwait 2035 Development Plan.

2. Launch of Zain Drone-as-a-service in Kuwait, offering a wide-ranging fleet of world-renowned drones and applications for gathering precision data and a multitude of use cases that bolster efficiency for many businesses and government entities.

3. Zain Bahrain launches the Kingdom’s first interactive fully automated smart customer service solution ‘zBot’, making it the first telecoms operator to launch this innovative solution in Bahrain.

4. Zain Iraq opens new modern headquarters in Baghdad with dynamic, fresh, collaborative space designed to encourage sharing ideas and provoke inspiration between staff as well as being customer centric in showcasing products and services.

NOVEMBER

1. Huawei selects Zain to offer HUAWEI CLOUD services in Kuwait and MENA supporting Zain's digital strategy of unlocking the tremendous growth opportunities in B2B, aiming to become the operator of choice for governments and enterprises.

2. Second annual Women Empowerment forum held in Kuwait with a focus on raising the roles and number of women leaders across all Zain operations; creation of a new position, Chief Inclusion and Diversity Officer announced; introduction of flexible hours for working mothers with children up to Kindergarten age.

3. Zain Sudan MD and Zain Africa CEO, Mr Elfatih Erwa awarded CommsMEA’s first-ever Lifetime Industry Service Award.

4. Zain Saudi Arabia agrees to sell and lease back its telecom tower network to IHS Holdings for circa USD 648m, a conditional divestment of more than 8,100 towers that creates shareholder value as it reduces debt obligations, unlocks capital and resources, allowing more focus on core operation

DECEMBER

1. Zain Drone partners with worldwide leader DroneShield, to offer counter drone solutions across the Middle East to civil infrastructure operators, airports, governmental bodies and security agencies

2. Zain launches exclusive Amazon Prime Video offer for the first time in Kuwait featuring award-winning and popular movies, Prime Originals and exclusive TV shows.

3. Zain KSA signs agreement with Kingdom’s Finance and Telecom authorities to consolidate annual royalty fees; and settles disputed amounts for the past 9 years positively impacting future financial results.

4. Zain Kuwait enters pioneering agreement with Zain Drone for tower inspection and maintenance services, one of the first operators in MENA to deploy drone technology for its cell tower infrastructure.