Zain Group, a leading technology company and provider of ICT solutions and digital lifestyle services across eight markets in the Middle East and Africa, has published its financial results for the third quarter and the nine months ending September 30, 2026. The group, serving 53 million active customers, has seen a 3% increase compared to last year.
Significant Growth in Revenue and Net Profit
Zain Group reported unprecedented revenues of 1.8 billion dinars (equivalent to 5.71 billion dollars) for the first nine months of 2026, representing a 4% increase compared to the previous year. The group's EBITDA also reached 587 million dinars (equivalent to 1.91 billion dollars), indicating a 4% increase in this area, with an EBITDA margin of 34%. The group's net profit grew by 59% to 304 million dinars (equivalent to 990 million dollars), which includes a profit of 501 million dollars from the group's strategic investments. Earnings per share (EPS) also reached 70 fils (equivalent to 0.23 dollars).
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Leadership Transition and Implementation of Succession Plans
Bader Al-Kharafi, Vice Chairman and CEO of Zain Group, has handed over the executive leadership of the group to a new successor while remaining as Vice Chairman of the Board. Al-Kharafi will continue his executive duties until the end of the first quarter of 2027, and Zain Group is implementing a succession plan to ensure a smooth leadership transition. This decision reflects the group's commitment to governance principles and best institutional practices.
The Board of Directors of Zain Group acknowledges that Al-Kharafi has played a key role in the transformation and growth of the group and has contributed to shaping its strategic direction with his vision and leadership. He also emphasizes the completion of the group's operational and financial objectives and will continue to advance Zain's efforts in social responsibility and sustainability.
Al-Kharafi commented on these results, stating: “Our transformation into a technology-driven and investment-focused company has led to revenue growth and value creation for shareholders. These unprecedented results are due to the precise execution of our strategy titled ‘4WARD-Progress with Purpose’.” He also referred to the social and economic challenges in the region and emphasized the importance of collaboration with government entities and stakeholders.
Zain Group is strengthening its efforts in social responsibility and sustainability, as well as supporting women and youth at various levels. Ultimately, these results affirm the success of the group's actions and decisions, indicating that Zain is on a path of sustainable growth and value creation for shareholders.
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