Page 18 - SAMENA Trends - August 2019

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

networks in Kuwait was a major milestone, by 10% to reach KD 44 million (USD 144 8.3 million.
as it allows us to offer more innovative and million). Zain Kuwait’s EBITDA amounted Iraq: Zain Iraq performed exceptionally
compelling services to our customers in to KD 65 million (USD 213 million), an well in H1 2019 when compared to H1 2018
government, business, IoT, and smart city 18% increase Y-o-Y, reflecting an EBITDA with Revenue reaching USD 522 million and
sectors, bolstering the digital economy in margin of 39%. Data Revenue grew by 9% EBITDA reached USD 220 million, up 14%
these areas. 5G technology will create vast Y-o-Y, representing 37% of total Revenue. reflecting an EBITDA margin of 42%. The
opportunities in the value chain proposition Saudi Arabia: The operator continues to operation reported a Net Income of USD
in numerous industries and will push grow all its key financial metrics, recording 25 million for H1 2019, up 39% on the USD
the telecom sector to a new and exciting Net Income for the last four consecutive 18 million profit recorded for H1 2018. The
phase of growth. Zain is mobilizing all its quarters. For H1 2019, Zain KSA generated operator added 600,000 customers (up 4%
resources to capitalize on this enormous Revenue of SAR 4.2 billion (USD 1.1 Y-o-Y) to reach 15.3 million and witnessed
opportunity in creating shareholder value.” billion), a 17% increase compared to the significant growth in data Revenue, as well
Operational review of key markets for the same period in 2018. EBITDA for H1 2019 as profitable progress in the enterprise
six months ended 30 June 2019 amounted to SAR 1.9 billion (USD 506 (B2B) segment.
Kuwait: Maintaining its market leadership, million), up 60% Y-o-Y, reflecting an EBITDA Sudan: Despite the ongoing social and
the flagship operation of Zain Group saw margin of 46%. Net Income for the period economic issues in the country, the
its customer base serve 2.8 million in a soared to reach an unprecedented SAR operator continues to perform well in local
very challenging period that witnessed 260 million (USD 69.2 million), reflecting a currency (SDG) terms, as Revenue grew by
improving Net Income for the quarter. The significant turnaround on the H1 2018 Net 45% Y-o-Y to reach SDG 6.4 billion (USD
Group’s most profitable operation saw its Loss of SAR 115 million (USD 30.6 million). 138 million, down 18% in USD terms) for H1
H1 2019 Revenue reach KD 165 million Data Revenue represents 44% of total 2019. EBITDA increased by 36% to reach
(USD 544 million), and Net Income increase Revenue and customers served reached SDG 2.4 billion (USD 52 million, down 23%
in USD terms), reflecting an EBITDA margin
of 37%, while Net Income increased by 31%
to reach SDG 900 million (USD 19 million,
down 30% in USD terms). Data Revenue
formed 16% of total Revenue, with an
impressive growth of 31% (Y-o-Y) in SDG
terms. Zain Sudan saw its customer base
expand 9% to reach 15.1 million customers.
Jordan: Zain Jordan serves a customer
base of 3.7 million at the end of June
2019, maintaining its market leading
position. Y-o-Y Revenue was stable at
USD 240 million, with EBITDA up 17% to
reach USD 113 million, reflecting a 47%
EBITDA margin. Net Income increased 9%
to USD 39 million in H1 2019. With the
continual expansion of 4G services across
the country, Data Revenue grew by 4%,
representing 40% of total Revenue.
Bahrain: Zain Bahrain generated Revenue
of USD 81 million for the first six months
of 2019. EBITDA for H1 2019 increased
by 41% to reach USD 28 million, reflecting
an EBITDA margin of 35%. Net Income
amounted to USD 6.7 million, reflecting
a 9% increase Y-o-Y. Data Revenue
represents 48% of overall Revenue.

18 AUGUST 2019