Zain KSA has recently accomplished a series of noteworthy achievements to support the expansion of its services and activities and further instill its position as a pioneer within the ICT sector. It secured the largest 5G network roll-out, was named as the 18th best brand in Saudi Arabia for the first time, and launched the electronic SIM card.

These achievements come at a time of rapid growth for the Kingdom’s contributions and role as an information technology and communications global hub, in parallel with it presiding over the G20. This also sheds light on the vitality of the ICT sector in Saudi Arabia and its significance as a pillar supporting the Kingdom’s economic and social advancement aiming to keep pace with the digital transformation journey incepted by Saudi Vision 2030, ultimately seeking to position Saudi Arabia as a leader of digital transformation on regional and global fronts.

Zain KSA and a pivotal role within the digital transformation journey

Zain KSA achieved an extraordinary milestone by completing the first phase of its 5G roll-out which covers a total of 28 cities via 2600 towers. It is regarded as the largest 5G network in the MENA, and places the Kingdom in the lead position regionally. Zain KSA strives to ensure access to this remarkable service by everyone to benefit from its numerous solutions and capabilities, including virtual and augmented reality, automation and robotics, video games, and much more.

Brand Finance names Zain KSA as Saudi Arabia’s 18th best brand

In an unprecedented achievement, Zain KSA was named as the 18th best brand in Saudi Arabia and joined the list of Saudi Arabia’s top 50 brands issued by Brand Finance’s annual report which identifies the 50 strongest and most valuable brands in the Kingdom.

Brand Finance’s annual report outlines a number of indexes to rank brands, including the brand value, brand equity, brand performance, the company’s marketing policies, customer loyalty, and employee satisfaction.

This achievement tops up a series of recent awards won by Zain KSA, including the Best Middle East operator accolade for 2019 by the respected regional telecom publication CommsMEA. In addition, it also won the award for Best 5G Infrastructure at the 2019 Telecom Review Leaders' Summit.

Zain KSA launches the Electronic Sim (eSIM)

Zain KSA has launched its most technologically advanced and user-friendly electronic SIM card (eSIM), which is a built-in chip included within the motherboard of phones or smart devices, and is characterized by its ability to add an additional number to smart devices without the need for a traditional sim. It also helps improve battery performance as it consumes a very small percentage of the battery power.

Zain KSA achieves best historic financial results

On the financial front, Zain KSA achieved record-high financial results for 2019 with net profits amounting to SAR 485 million compared to SAR 332 million for 2018. Such positive fiscal results are a result of the company’s improved operational performance and an increased demand for its services reflected in increased revenues. The company was able to apply a balanced methodology for expenditure efficiency that contributed towards reducing operational and administrative expenses and increasing operational profits.

Zain KSA’s global partnerships for innovative digital services

Driven by a strategy of deploying its services to the widest scale and establishing its position within the IoT services field, Zain KSA signed a partnership agreement with "AliBaba Cloud", the leading global cloud computing entity, to launch “Zain Cloud” for the business sector.

Zain KSA also initiated investing in drone operations under the name "Zain Drone", where information collection and processing services are provided through systems based on analysis, artificial intelligence, and cloud networks.

Moreover, Zain entered the digital financial services field, FinTech, through its micro-lending platform, “Tamam”, established as part of the SAMA Sandbox environment.

National talent as the backbone of sustainability

Zain KSA is considered as one of the Kingdom’s top employers of Saudi youth, as national talents constitute 86% of the company's workforce and 92% of its leadership positions. Additionally, Zain KSA has appointed Saudi women in leadership positions, in a step that demonstrates the company’s great confidence in the distinguished national talents on the one hand, and in women’s leadership skills on the other.

Today more than ever, Zain KSA is reiterating its commitment to pursue development and investment in technologies to support all the Kingdom’s economic sectors through business solutions, IoT and innovative services, which enhances non-oil GDP growth, generates thousands of job opportunities for citizens, and contributes to achieving the targets of Saudi Vision 2030 to position the Kingdom as a global ICT hub.

-Ends-

Send us your press releases to pressrelease.zawya@refinitiv.com 
 
© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.