RIYADH: Kuwait telecommunication firm Zain recorded 1.517 billion Kuwaiti dinars ($5 billion) in annual revenues throughout 2021, a lower of 6.6 p.c from a yr earlier.
The agency’s web revenue edged up by 0.three p.c to 185 million Kuwaiti dinars ($612 million), in comparison with the earlier yr, in response to the corporate’s incomes launch.
With foreign money devaluation impacting key monetary indicators throughout 2021, Zain managed to mitigate that danger by revamping costs and making use of knowledge monetisation initiatives throughout its operations.
A money dividend of 23 fils was declared for the second half of the yr, bringing whole annual dividends to 33 fils.
Kuwait-based Zain is a cellular telecommunications firm that has business presence in seven international locations throughout the Middle East.
Telecom Zain KSA income drop 36% for the primary 9 months of 2021.