Zain Group, a leading company in providing information technology and communications solutions and digital lifestyle in eight markets across the Middle East and Africa, published its consolidated financial results for the third quarter (Q3) and the nine-month period (9M) ending September 30, 2026. The group currently serves 53 million active customers, representing a 3% increase compared to the previous year.
Revenue and Net Profit Growth
In the 9 months of 2026, Zain Group reported consolidated revenue of 1.8 billion Kuwaiti Dinars (equivalent to 5.71 billion USD), indicating a 4% increase compared to the previous year. Additionally, consolidated EBITDA reached 587 million Kuwaiti Dinars (equivalent to 1.91 billion USD), also showing a 4% increase from the prior year, with an EBITDA margin of 34%. The group's net profit increased by 59% compared to the previous year, reaching 304 million Kuwaiti Dinars (equivalent to 990 million USD), which includes a profit of 501 million USD from Zain Group's strategic investments. Furthermore, earnings per share (EPS) reached 70 fils (equivalent to 0.23 USD).
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Changes in Group Leadership
Badri Nasser Al-Kharafi, Vice Chairman and CEO of Zain Group, has taken on the executive leadership of the group while retaining the position of Vice Chairman of the Board. Al-Kharafi will continue to fulfill his executive duties until the end of the first quarter of 2027, coinciding with the announcement of the group's annual financial results. The Board stated that Al-Kharafi has led Zain Group through a key transformation and growth phase, contributing to shaping the group's strategic path and strengthening its position as one of the leading technology companies in the Middle East and Africa through his vision and leadership.
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