Formerly |
|
---|---|
Company type | Public |
Industry | Telecommunications |
Founded | 1983[1] |
Headquarters | Kuwait City, Kuwait |
Area served | 7 countries in the Middle East & North Africa |
Key people | Osamah Othman Alfuraih (Chairman), Bader Nasser Al-Kharafi (Vice-Chairman and Group CEO), Nawaf Hisham Al-Gharabally (CEO of Zain Kuwait) |
Products | Premium messages |
Revenue | US$3.1 billion (Q2 -2024) main source:premium messages |
US$265 million (Q2 2024) | |
Number of employees | 8,600+ (as of 31 December 2024) |
Website | zain |
Mobile Telecommunications Company K.S.C.P. (doing business as Zain) is a Kuwaiti mobile telecommunications company founded in 1983 in Kuwait as MTC (Mobile Telecommunications Company), and later rebranded as Zain in 2007. Zain has a commercial presence in seven countries across the Middle East with 47.8 million active customers as of 30 June 2024. The Vice Chairman and Group CEO is Bader Nasser Al-Kharafi, who was appointed in March 2017.[2][3]
As of 2024, the two major stakeholders are Kuwait Investment Authority with 15.9% and Omantel with 21.9%.[4]
The Zain brand is one of the recognized telecom brands across the MENA region, with a brand value of US$3 billion(2024).[5]