Latest news with #ZainKSA
Zawya
3 days ago
- Business
- Zawya
Zain KSA sees 28% higher profits in H1-25; revenues hit $1.41bln
Riyadh – The net profits of Mobile Telecommunication Company Saudi Arabia (Zain KSA) hit SAR 220 million in the first half (H1) of 2025, an annual leap of 27.90% from SAR 172 million. The Saudi group generated revenues amounting to SAR 5.34 billion in H1-25, higher by 5.05% year-on-year (YoY) than SAR 5.08 billion, according to the financial statements. Earnings per share (EPS) reached SAR 0.24 as of 30 June 2025, up from SAR 0.19 in H1-24. Financials for Q2-25 In the second quarter (Q2) of 2025, Zain KSA achieved net profits valued at SAR 127 million, marking a 20.95% YoY jump from SAR 105 million in Q2-24. The revenues witnessed a 3.99% rise to SAR 2.65 billion in Q2-25, compared to SAR 2.55 billion a year earlier. Quarterly, the Q2-25 net profits surged by 36.55% from SAR 93 million in Q1-25, while revenues declined by 1.33% from SAR 2.69 billion. All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (
Arab News
15-07-2025
- Business
- Arab News
Zain KSA and Cisco to develop AI infrastructure
Zain KSA, a provider of telecommunications and digital services in Saudi Arabia, has signed a memorandum of understanding with Cisco, a global leader in networking and security, focusing on the development of cutting-edge AI infrastructure and GPU-as-a-service. The agreement will leverage Cisco's advanced, end-to-end infrastructure solutions for securely building and scaling AI workloads, supporting Zain KSA in delivering high-performance, resilient, and reliable GPU-powered services to the Saudi market. The MoU is part of Zain KSA's strategy to actively align with Saudi Arabia's Vision 2030 goals by driving digital transformation and positioning the Kingdom as a global digital innovation hub, particularly in the AI space. The MoU also includes exploring opportunities for training programs to upskil local talent, in line with Zain KSA's commitment to ICT skills development. As part of the collaboration, Zain KSA will leverage its deep market knowledge, cutting-edge digital capabilities, and targeted investments alongside Cisco's global expertise in AI-ready infrastructure development. The initiative will create new solutions and commercial models to enable customers across various sectors to confidently and easily adopt AI solutions. The MoU also includes exploring opportunities for training programs to upskil local talent, in line with Zain KSA's commitment to ICT skills development to support long-term national AI capabilities. Fahad Sahmi Al-Sahmah, vice president of B2B sales, Zain KSA, said: 'At Zain KSA, we are mobilizing all our capabilities and investments to drive nationwide digital innovation, positioning the Kingdom as a global hub, a digital economy powered by future-looking GenAI solutions and applications. These efforts aim to empower all stakeholders, including government entities, businesses, and individuals, to harness the boundless potential of AI in support of national goals. This strategic collaboration with Cisco, positions us well to explore, develop, and innovate use cases, as we continue building a resilient, integrated and agile digital ecosystem that can embrace next-gen technologies and deploy them in the Kingdom.' Zayan Sadek, managing director for service providers at Cisco Middle East, Türkiye and Africa, said: 'Cisco is excited to collaborate with Zain KSA to pave the way for a transformative AI-powered future in Saudi Arabia. By combining Zain KSA's digital expertise with Cisco's cutting-edge AI infrastructure technologies, we aim to unlock new possibilities to empower businesses to thrive in the AI era and position Saudi Arabia as a global hub for advanced technologies.'
Zawya
13-07-2025
- Business
- Zawya
Zain KSA and Cisco to collaborate on the development of advanced AI infrastructure
Zain KSA, a leading provider of telecommunications and digital services in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Cisco, the global leader in networking and security, focusing on the development of cutting-edge AI infrastructure and GPU-as-a-Service (GPUaaS). The agreement aims to leverage Cisco's advanced, end-to-end infrastructure solutions for securely building and scaling AI workloads, supporting Zain KSA in delivering high-performance, resilient, and reliable GPU-powered services to the Saudi market. The MOU is part of Zain KSA's strategy to actively align with Saudi Arabia's Vision 2030 goals by driving digital transformation and positioning the Kingdom as a global digital innovation hub, particularly in the AI space. As part of the collaboration, Zain KSA will leverage its deep market knowledge, cutting-edge digital capabilities, and targeted investments alongside Cisco's global expertise in AI-ready infrastructure development. The initiative aims to create new solutions and commercial models to enable customers across various sectors to confidently and easily adopt AI solutions. The MoU also includes exploring opportunities for training programs to upskill local talent, in line with Zain KSA's commitment to ICT skills development to support long-term national AI capabilities. Zain KSA, VP of B2B Sales, Fahad Sahmi Al Sahmah, said: 'At Zain KSA, we are mobilizing all our capabilities and investments to drive nationwide digital innovation, positioning the Kingdom as a global hub, a digital economy powered by future-looking GenAI solutions and applications. These efforts aim to empower all stakeholders, including government entities, businesses, and individuals, to harness the boundless potential of AI in support of national goals. This strategic collaboration with Cisco, positions us well to explore, develop, and innovate use cases, as we continue building a resilient, integrated and agile digital ecosystem that can embrace next-gen technologies and deploy them in the Kingdom.' Zayan Sadek, Managing Director for Service Providers at Cisco Middle East, Türkiye and Africa said: 'Cisco is excited to collaborate with Zain KSA to pave the way for a transformative AI-powered future in Saudi Arabia. By combining Zain KSA's digital expertise with Cisco's cutting-edge AI infrastructure technologies, we aim to unlock new possibilities to empower businesses to thrive in the AI era and position Saudi Arabia as a global hub for advanced technologies.'
Arab News
06-07-2025
- Business
- Arab News
Zain KSA appoints Saad Al-Sadhan as chief executive
Telecom and digital services provider Zain KSA announced that its board of directors has appointed Acting CEO Saad bin Abdulrahman Al-Sadhan, as the chief executive of the company, effective from July 1. Al-Sadhan has held the position of the acting CEO of Zain KSA since August 2024. He brings more than 22 years of expertise in telecommunications and information technology. Prior to this role, he served as the chief business and wholesale officer of Zain KSA and led B2B sector growth across the company, positioning its portfolio of business solutions and services as a key enabler of the Kingdom's digital business transformation. He also led Zain KSA's strategic partnerships and stakeholder relations while driving the development of cutting-edge digital products and solutions. Additionally, Al-Sadhan played a key role in the launch of Zain Cloud, supporting the digital transformation of Saudi Arabia's public and private sectors in line with Saudi Vision 2030's goal of building a fully integrated digital economy. He was also instrumental in developing a comprehensive digital ecosystem that brings together innovative telecom services and cloud solutions, underpinned by advanced 5G technologies. Additionally, he strengthened Zain KSA's business and wholesale operations, enhancing network capabilities through strategic investments aimed at meeting the full range of market demands in these segments. Al-Sadhan also played a key role in advancing the enterprise sector by building Zain KSA's integrated business services and solutions ecosystem. His efforts aligned with the company's strategic objectives to support government entities in achieving their digital goals and to empower companies across various industries to grow, enhance their competitiveness locally and regionally, and stay ahead of the evolving business landscape. Since joining Zain KSA in April 2016, Al-Sadhan has placed strategic partnerships at the heart of his approach. He contributed to developing a forward-looking strategy for long-term partnerships with government entities and leading global tech companies. This has enabled the swift introduction of cutting-edge technologies into the Kingdom, while also driving knowledge transfer and localization. Before joining Zain KSA, Al-Sadhan held various leadership roles at prominent local and international telecom companies. He holds a bachelor's degree in electrical engineering from King Fahad University of Petroleum and Minerals, in addition to several professional certifications in leadership and information technology, as well as a General Management Program certificate from Institut Européen d'Administration des Affaires.
Zawya
01-07-2025
- Business
- Zawya
Zain KSA, Horizon Food name new CEOs
Riyadh: Mobile Telecommunication Company Saudi Arabia (Zain KSA) appointed Saad bin Abdulrahman Al Sadhan as its CEO as of 1 July 2025, according to a bourse filing. The appointment follows a board resolution issued on 29 June, which concluded his term as Acting CEO, a position he has held since August 2024. Al Sadhan brings over 22 years of telecom and IT experience. He was the Chief Business and Wholesale Officer at Zain KSA before serving as Acting CEO. Al Sadhan holds an Electrical Engineering degree from KFUPM and certifications in leadership and IT. Meanwhile, Horizon Food Company named Khadem Sarwar as the new CEO, effective on 15 September 2025, according to a bourse filing. The decision was approved by the board of directors on 29 June 2025. Sarwar has over 28 years of experience in food manufacturing across the UK, UAE, Kuwait, and Saudi Arabia. He holds an MBA from Caledonian University and a bachelor's degree in Business Administration from Paisley University. In February 2024, Sultan Al Harbi started his term as the CEO of Horizon Food.
