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Sign is a beginner of mobile telecommunications in the Middle East. We began life in Kuwait in 1983 as the first mobile operator in the region, and since our expansion strategy began in 2003, we have grown rapidly. Today, we are a leading mobile voice and data service operator with commercial footprint across 8 Middle Eastern and African countries.
Sign (Arabic: زين) is a Kuwait mobile telecommunication company, founded in 1983 as MTC (Mobile Telecommunications Company) in Kuwait and later renamed Sign in 2007. As of 31 March 2019, there were 50 million commercial users in eight countries in the Middle East. Badr Nasser al-Qarafi, who was appointed vice-chairman and group CEO in March 2017 Approximately 24.6% of the company is owned by Kuwait Investment Authority;
As the first mobile operator in the region, Mobile Telecommunication Company (MTC), we started life in Kuwait in 1983, embarked on our expansion strategy in 2003, and we have grown rapidly in the Middle East and Africa through the acquisition of several mobile devices. Operators across the region.
In September 2007, MTC was renamed to Signify to better reflect our growing position as a leading multi-national mobile service provider with global ambitions. Zine has thus become the group’s corporate master brand. Sign brand is the center of everything we do. This is a promise to our users, It defines our vision and directs our focus within the company. The annual report of the Brand Finance Middle East Top 50 Brands for 2017 valued our brand at more than $ 2.3 billion, making it the second most powerful home brand in the region with AA’s brand rating.
In 008, we became the fourth largest mobile operator in the world in terms of geographical presence, with operations in 15 African countries and 7 Middle East countries.
We continued on our growth and development journey, and in March 2009 entered into a 50/50 partnership with Al Agyal Investment Fund Holding to acquire a 31% stake in Invi, the third mobile telecom operator in Morocco.
Zain is listed on the Kuwait Stock Exchange. There are no restrictions on Zain shares as the company’s capital is 100% free float and publicly traded. The largest shareholder is the Kuwait Investment Authority.
For the full year of 2018, Zain Group generated consolidated revenues of KD 1.3 billion (US $ 4.4 billion), an impressive 28% YoY growth, while consolidated EBITDA for the period increased by 25% YoY to reach KD 519 million (US $ 1.7 billion) , reflecting an EBITDA margin of.