Zain Saudi Arabia's Q1 loss narrows

21 April 2010

Zain Saudi Arabia said it narrowed its net loss in the first quarter to SR663m ($177m), Reuters has reported. The firm, 25% owned by Kuwait's Zain, made a net loss of SR765m in the first quarter last year. The loss had narrowed after it cut costs and increased its customer base by more than 101% in the quarter compared to last year, Zain said.

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