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.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications