Zain Group announced the publication of its 13th annual sustainability report, entitled “A Pathway to Value Creation,” which reflects the company’s progress and efforts to address deficits and challenges across its footprint, while providing “Meaningful Connectivity” that leads to equitable systemic change through the UN’s Sustainable Development Goals (SDGs).

Read more: Zain’s Latest Sustainability Report Highlights Meaningful Connectivity

Saudi Telecommunications Company (stc) and Global Digital Integrated Solutions Company (Aramco Digital) have qualified for the specialized radio network license in Saudi Arabia. Further evaluation will be conducted to determine who will be granted the license.

Read more: Competition Heats Up for Saudi Arabia's Specialized Radio Network License

The Commercial Bank of Dubai (CBD), one of the most prominent national banks in the United Arab Emirates (UAE), has selected HPE GreenLake, hosted in du’s hyper-connected and Tier III Certified data centers, to accelerate CBD’s hybrid cloud journey and optimize the customer and team member experience.

Read more: du Supports CBD’s Hybrid Cloud Transformation

Aligned with its recent partnership with Startupbootcamp, Umniah has launched the first leg of its entrepreneur-driven challenges through ‘The Tank’ platform. Under the sponsorship of His Excellency Ahmad Hanandeh, Minister of Digital Economy and Entrepreneurship, Jordan's progress in fostering a conducive environment for startups and entrepreneurs was highlighted during the event.

Read more: Umniah Launches First Startupbootcamp MENA Challenge

stc Group has announced its financial results for the first quarter of the year. “We are proud of the achievements, contributions and initiatives that the Group has undertaken to this day, and we are determined to be committed to being a vital tributary to the national economy, and a major enabler of digital transformation in various fields and sectors,” commented Olayan Mohammed Alwetaid, stc Group CEO.

Read more: stc Group's Q1 2024 Success: Strong Growth, Expansion Plans in Motion

Zain KSA is injecting SAR 1.6 billion to expand its infrastructure, 5G network, and digital services ecosystem. Part of an integrated expansion plan, this step aligns with Zain KSA’s strategy to achieve digital inclusion across the Kingdom and enable an advanced digital infrastructure that provides the best customer experience.

Read more: Zain KSA Plans Major 5G Expansion With SAR 1.6 Billion Investment

The Zain Group Annual General Meeting (AGM) was held at Zain Group’s headquarters in Kuwait, attended by a quorum of 77% of shareholders. During the AGM, Zain Group’s 2023 annual report entitled “40 Years of Pioneering Innovation and Sustainable Growth” was presented, highlighting the financial statements, governance and auditors reports and the major achievements of Zain Group, its operations and subsidiaries across the Middle East and Africa for the previous year. Additionally, Zain Group released its 2023 Sustainability Report. 

Read more: Celebrating 40 Years of Zain

Zain KSA has announced its financial results for the first quarter of 2024, reporting a revenue of SAR 2.5 billion. This marks a 4.7% increase compared to the revenue generated during the same period in 2023. Zain KSA reported a net profit of SAR 67 million compared to SAR 1.1 billion in the first quarter of last year.

Read more: Zain KSA Reports Revenue of SAR 2.5 Billion in Q1 2024

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