THE MIDDLE EAST’S

99. Zain KSA
Country: Saudi Arabia
Sector: Telecommunications
Acting CEO: Saad bin Abdulrahman Al-Sadhan
Market Value: $3.1 billion
Sales: $2.8 billion
Profits: $159 million
Assets: $7.5 billion
Zain KSA provides telecom services, including mobile voice and data, a 5G network, FinTech, cloud computing, IoT solutions, fiber services, and drone technologies. As of December 2024, it had 9.3 million customers and 5,549 points of sale and offered 5G services across 70 cities. In May 2024, the company signed a vendor financing banking facility up to $300 million and $133.3 million in receivables discounting from alrajhi bank. It also acquired a 30 MHz license in the 600 MHz spectrum to provide 5G services for $166.4 million in November 2024. In February 2025, it signed a new $515.8 million Murabaha facility with alrajhi bank.