THE MIDDLE EAST’S

64. Zain Group

Country: Kuwait
Sector: Telecommunications
Vice Chairman & Group CEO: Bader Al-Kharafi
Market Value: $7.2 billion

Founded in 1983 and rebranded as Zain Group in 2007, the Kuwait-based telecom group served 51.3 million active users across eight countries, as of September 2025. In January 2026, its digital arm ZainTECH partnered with Oman Data Park to strengthen regional cybersecurity and compliance. Revenue rose 15% in the first nine months of 2025 to $5.4 billion, while net income attributable to the main shareholders climbed 31% to $581 million, driven by profit growth in Sudan, Iraq, and Saudi Arabia. The group launched its 5G Advanced network in June 2025.