Zain KSA’s 2023 results prove qualitative transformation in operational, profitability path: CEO

Zain KSA’s 2023 financials showed a qualitative transformation in the company’s operational and profitable trajectory, CEO Sultan AlDeghaither, stated.

He said that the company reaped the fruits of the integrated technical system that it worked to build over the past years by investing in innovation and development, as well as attracting and localizing future technologies.

The move provided a distinctive user experience for its customers from individuals, businesses, and government agencies.

Zain KSA’s Chairman Naif Al-Kabeer said that 2023’s results evinced directly showcase the company’s financial, operational, and investment performance, as well as its sustainability, due to the telco’s commitment to innovation and development.

These two factors created the company’s qualitative transformation over the past years, establishing its position as a leading provider of communications services and innovative digital solutions in the Kingdom.

Zain KSA has become an integrated digital provider that supports the Kingdom in comprehensive digital transformation, Al-Kabeer said.

According to data available on Argaam, Zain KSA reported a net profit of SAR 1.26 billion in 2023, marking a sharp rise from a profit of SAR 550 million in the previous year.