Zain remains upbeat amid financial crisis

January 6, 2009 at 14:01 Leave a comment

The Kuwait-based international cellular group Zain says it expects net profit to increase by over 30% in 2009, with EBITDA predicted to rise by around 40%. A report, which quotes local newspaper al-Watan, adds that Zain is expecting total subscriber numbers at its 22 operations in the Middle East and Africa to reach more than 94 million by end-2009, up from 64 million currently. Zain CEO Saad al-Barrak told al-Watan that the cellco’s financial situation is healthy despite the current global financial crisis.

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Entry filed under: Africa, Kuwait, Middle East, Mobile, Telecom, Wireless, Zain. Tags: , , , , , , .

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