Riyadh – Mubasher: The Saudi Mobile Telecommunications Company (Zain) has bolstered its network’s quality and competitiveness through injecting SAR 1.1 billion investments into its infrastructure, said CEO Peter Kaliaropoulos.
Zain is seeing ongoing development, backed by growth in revenues from data services, Kaliaropoulos added, according to a statement to the Saudi Stock Exchange (Tadawul).
The Saudi telecommunications provider will continue developing and improving its financial position and operations.
On Tuesday, Zain’s financial statements showed that it turned profitable after generating SAR 12 million profits in 2017, against suffering SAR 979 million losses in 2016.
