Science & Technology

Zain Saudi Arabia achieves SAR 134 million in net profit in 2022 Q2

Zain Saudi Arabia achieved SAR 134 million in profits for the second quarter of 2022, with a growth rate of 219% compared to the second quarter of 2021.

Zain’s growth rate reached 65% compared to the results of the first quarter of 2022.

The company’s financial results showed the continuation of the positive operational and financial performance, with a 16% growth in revenues during the second quarter of 2022 compared to the second quarter of 2021, reaching 2,206 million riyals.

These results came as a result of continued growth in 5G revenue as well as growth in the business sector

The demand for Zain Saudi Arabia’s services and products increased after the decision to resume the Umrah season and lift the precautionary measures imposed by the emerging Corona pandemic.

These results come with the remarkable expansion of Zain Saudi Arabia’s portfolio of digital products and solutions, intending to provide the most innovative services and the best experience for its customers.

It is noteworthy that “Zain Saudi Arabia” recently enhanced the “Zain Cloud” portfolio with 6 new services and products, and this comes after the “Zain Cloud” services received the highest (C) rating for cloud computing services in the Kingdom.

Zain Saudi Arabia won the Local Content Certificate for the year 2021, confirming its commitment to the highest rates of spending on local content.

This classification also comes, at a time when the company was among the first 100 companies according to the classification of Forbes International magazine.

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