Khobar, Saudi Arabia; May 13, 2012: Premium telecom retailer and distributor Zonik announced today that it has been named the fastest growing company in Saudi Arabia. The company received the accolade at the Arabia Fast Growth 500 Awards in Istanbul, Turkey.
Established in 2007 by the Al Fozan Group, Zonik offers premium consumer electronics and communication products and services to customers in Saudi Arabia through its award winning concept stores and via a distribution network of 3,500 independents stores. Zonik's large vehicle fleet and extensive Kingdomwide footprint allows its products and services to be distributed to major cities as well as remote villages.
Abdullah Abdulatif Al Fozan, Chairman, United Electronics Company (eXtra), said: "Zonik is the ultimate embodiment of our company's culture of innovation, customer service excellence and business partnership. We are enormously proud of how far we have come in such a short space of time, and we look forward to developing many more opportunities with outstanding partners through our award winning Zonik business."
Anis Dayya, General Manager, Zonik, added: "We've made huge progress on a number of fronts. We have the right strategy for growth and job creation but, importantly, we also have created a culture where people like the company and what it stands for, and where our people understand that the pace of change in the market place compels us to stay at the forefront of technology innovation."
Compiled by the AllWorld Network, an organisation dedicated to boosting entrepreneurship across the globe, the Arabia Fast Growth 500 ranks the performance of the fastest growing young companies in the Middle East and North Africa (MENA) region, Turkey and Pakistan. Being ranked by AllWorld helps to attract new investors, customers, joint venture partners and talent so young companies can continue to grow and get to scale. To make the list, companies must demonstrate strong competitive capacity and a three-year history of annual revenue growth of 40% or more. Zonik's enormously rapid growth since its creation saw the company recognised as the Kingdom's fastest growing young company.
Zonik has ambitious plans to maintain its rapid recent growth trajectory by building upon its partnerships with innovative technology companies, such as Nokia, Zain, Philips and Vestal. In recent years, Zonik has been recognised for being the largest distributor, in terms of geographic coverage, of Nokia products in the Kingdom, as well as for being the number one strategic partner of Zain in KSA.
The Arabia Fast Growth 500 Award is the latest accolade received by Zonik since its inception. Other recent awards received by the company include "International Store of the Year" from Chain Store Age, "Most Innovative Retail Store Fixtures" from the Retail Design Institute, a "Store Fixture Award" from the Association for Retail Environments, and a "Silver Award" from Design of the Times.
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For further information, please contact:
Ibrahim Hashem
United Electronics Company "eXtra"
Al Khobar, Saudi Arabia
Mobile: +966 55 977 226
Email: hashem.i@extra.com
Mohammed Jaradat
ASDA'A Burson-Marsteller
Riyadh, Saudi Arabia
Tel: +966-1-217-7250
Email: m.jaradat@asdaa.com
Bashar Kharbat
ASDA'A Burson-Marsteller
Jeddah, Saudi Arabia
Tel: +966-2-657-5194
Email: b.kharbat@asdaa.com
Nicholas Nesson
ASDA'A Burson-Marsteller
Dubai, United Arab Emirates
Tel: +971-4-4507-600
Email: n.nesson@asdaa.com
© Press Release 2012
