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| Sector | Industry |
Telecommunications |
| Bahrain (11) |
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Contact Details
Address:
Al Afoo Building 662, Block 428
Road 2811 Al Seef P.O. Box 266 Manama Capital Bahrain Tel: +973 36-031000 Fax: +973 36-031994 Email:
customercare.bh@zain.com
Website:
www.bh.zain.com IPO Details
Subscription
Period:
2010
Lead
Managers:
Securities and Investment Company, Watani Investment Company - NBK Capital
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Business Overview
MTC Vodafone Bahrain (Zain Bahrain) manages and operates a GSM mobile telecommunications network, domestically.
Established in December 2003, Zain Bahrain was the country’s second mobile operator, after it broke Bahrain Telecommunications Company’s monopoly. The company is majority owned by a consortium of the Kuwait-based Mobile Telecommunications Company, Vodafone Group and other Bahraini institutional and individual investors. Zain Bahrain subscribers decreased by 3.5% to 662,000, annually, in 2009. The company increased its annual 2009 revenues by 15.33%, to BHD98 million (USD259 million) and increased its annual net profits by 30.84%, to BHD28 million (USD73.5 million).
Competitors
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