Zain is a leading provider of mobile telecommunications services in Saudi Arabia. It has a customer base of over 9.5 million and is the second largest operator in the kingdom. The company offers a wide range of value-added services, including a mobile money transfer service, Zain Cash, which allows customers to send and receive money using their mobile phones. In 2015, Zain reported a net profit of SAR 1.4 billion (US$ 376 million), up from SAR 1.2 billion in 2014. The company鈥檚 revenue grew by 6% to SAR 10.6 billion in 2015, driven by growth in its customer base and higher data usage. Zain鈥檚 EBITDA margin improved to 45% in 2015, from 43% in 2014, as the company continued to focus on cost efficiency. Zain鈥檚 strong financial performance in 2015 was underpinned by its solid operational performance. The company鈥檚 total number of subscribers grew by 3% to 9.5 million in 2015, while its active data users increased by 19% to 4.4 million. Zain鈥檚 data revenues grew by 36% to SAR 1.6 billion in 2015, representing 15% of the company鈥檚 total revenues. Looking ahead, Zain is well positioned to capitalise on the growing demand for mobile data in Saudi Arabia. The company is investing in its network to offer customers a better experience and is launching new value-added services to drive growth. Zain is also working to improve its customer service and is committed to providing a superior experience to its customers.
Zain Financial Statements Services is a full-service accounting firm that offers a wide range of services, including auditing, tax preparation, and financial consulting. The firm is headquartered in New York City and has offices in Los Angeles, San Francisco, and Boston.
After reviewing the financial statements of Zain, it is evident that they provide quality services. Their net income has grown significantly over the past three years, and they have a strong balance sheet. They have a solid management team in place, and their products and services are well-positioned in the market. Overall, Zain is a financially sound company that is well-positioned for continued growth.