Mobile Telecommunication Company Saudi Arabia
TypePublic
Tadawul: 7030
ISINSA121053DR18
Founded12 March 2008 (2008-03-12)
HeadquartersGranada Business Park,
Riyadh
,
Saudi Arabia
Area served
Saudi Arabia
Key people
  • HH Prince Naif Bin Sultan Bin Saud Al Kabeer (Chairman)
  • Eng. Sultan Bin Abdulaziz AlDeghaither (CEO)
Revenue9.1 billion Saudi riyal (2022)
Total assets28,356 million Saudi riyal (2022)
SubsidiariesZain Sales Co Ltd.

Tamam Finance Company

Zain Drones Ltd.
Websitesa.zain.com

Mobile Telecommunication Company Saudi Arabia (Arabic: شركة الإتصالات المتنقلة السعودية) is a Saudi Arabian telecommunications and digital services company that provides telecom services, 5G network, digital payment services, cloud computing, IoT solutions, fiber services, drones under the brand name Zain KSA (Arabic: "زين السعودية").

The company was established in Saudi Arabia in August 2008 and entered the market as the country's third telecom operator after obtaining the necessary telecommunication licenses from the Communications and Information Technology Commission (now known as CST).[1][2][3]

History

Zain KSA was established as a Saudi Joint Stock Company on 12 March 2008.[4]

In October 2016, Zain KSA received a High Order from the Communications and Information Technology Commission (CST), which extended the company's existing 25-year license for an additional 15 years. On February 20, 2017, Zain KSA was also granted a unified license, allowing it to provide all telecommunication services in the Kingdom, including fixed services.[5]

Zain KSA commenced commercial operations in August 2008, following an Initial Public Offering in February 2008.[6]

In September 2011, Zain KSA became the first operator in the Middle East to commercially launch a 4G/LTE network.[7]

In October 2015, HH Prince. Naif bin Sultan bin Mohammed bin Saud Al Kabeer was appointed as the chairman of the board of directors.[8]

In October 2019, Zain KSA launched the third largest 5G network in the world and the largest 5G network in the Middle East, Europe, and Africa at the time.[9]

In April 2018, Eng. Sultan bin Abdulaziz Al-Deghaither was appointed as CEO of the company.[10]

Zain KSA Subsidiaries

  • Zain Sales Co Ltd.
  • Tamam Finance Company (Tamam)
  • Zain Drones Ltd.

Companies which Zain KSA Invests in:

  • Golden Lattice Investment Company (GLI)

References

  1. ↑ "Zain to launch mobile phone services in Saudi Arabia today". Gulf News. 26 August 2008. Retrieved 7 October 2009.
  2. ↑ "Zain Takes One Network to Saudi Arabia". The Monitor (Uganda). 30 September 2008. Retrieved 7 October 2009.
  3. ↑ "Zain delays launch of Saudi mobile services for testing". MEED Middle East Economic Digest. 20 June 2008. Retrieved 7 October 2009.
  4. ↑ https://www.saudiexchange.sa/wps/portal/saudiexchange/hidden/company-profile-main/!ut/p/z1/04_Sj9CPykssy0xPLMnMz0vMAfIjo8ziTR3NDIw8LAz83d2MXA0C3SydAl1c3Q0NvE30I4EKzBEKDMKcTQzMDPxN3H19LAzdTU31w8syU8v1wwkpK8hOMgUA-oskdg!!/?companySymbol=7030
  5. ↑ "Zain KSA reaches agreement with Saudi telecom authorities over dispute". Telecom Review. 17 December 2018. Retrieved 19 July 2023.
  6. ↑ "Zain to launch mobile phone services in Saudi Arabia today". www.dubaicityinfo.com. Retrieved 2 October 2016.
  7. ↑ "Zain Saudi Arabia signs LTE Roaming agreement with Telenor". Membership. Retrieved 19 July 2023.
  8. ↑ "Mobile firm Zain Saudi appoints new chairman". Reuters. 22 October 2015. Retrieved 19 July 2023.
  9. ↑ "The Gulf has a 5G conundrum and Open RAN is the key to its tech sovereignty". Middle East Institute. Retrieved 19 July 2023.
  10. ↑ https://english.aawsat.com/home/article/1239316/zain-assigns-sultan-al-deghaither-ceo


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