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FINANCIAL NEWS
Kuwaiti Zain posts USD2.8b in earnings over Jan-Sept
27 Oct 2015
(MENAFN) Zain Group, the Kuwaiti top mobile telecom innovator in eight markets through the Middle East and Africa, registered combined incomes of USD2.8 billion in the Jan-Sept period, according to the latest reports.
The Telecommunications Company serves a total of 45.6 million customers as of the end of September, reflecting a 4 percent upsurge when as opposed to the same timeframe in the previous year.
However, consolidated net revenue reached USD 394 million, representing a 27 percent y-o-y fall, but the third quarter saw stable joined revenues of USD968 million when compared to USD1 billion for 2014’s same period.
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Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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