Zain Group reports 17-yr high results for 9M 2026

11/11/2026 03:54 AST

Zain Group, a leading regional TechCo providing innovative ICT and digital lifestyle solutions in eight markets across the Middle East and Africa, released its consolidated financial results for the third quarter (Q3) and nine-month (9M) periods ended September 30, 2026. The Group now serves 53 million active customers, a 3 percent year-on-year (YoY) increase.

For 9M 2026, Zain Group reported a 17-year high consolidated revenue of KD 1.8 billion ($5.71 billion), an increase of 4 percent YoY. Consolidated EBITDA reached KD 587 million ($1.91 billion), up 4 percent YoY, reflecting an EBITDA margin of 34 percent. Net income soared 59 percent YoY to KD 304 million ($990 million), which includes a gain of $501 million

from Group's strategic investments undertaken by Zain Ventures. Earnings per share (EPS) stood at 70 fils ($0.23).

Bader Nasser Al-Kharafi, Zain Vice-Chairman and Group CEO, is handing over executive leadership of the Group while retaining his position as Vice Chairman of the Board of Directors. He will continue his executive duties through the first quarter of 2027 following the announcement of the annual financial results. The Board of Directors said Al-Kharafi led Zain through a pivotal phase of transformation and growth, contributing with his vision and leadership to reshaping the Group's strategic path and consolidating its position as one of the prominent technology conglomerates in the Middle East and Africa markets.

Kuwait Times