94. Mobile Telecommunication Company Saudi Arabia (Zain KSA)*
CEO: Sultan Bin Abdulaziz AlDeghaither
Market Value: $3.3 billion
Zain KSA is a joint-stock company affiliated with Zain Group, which holds a stake of approximately 37%. It provides a mobile telecommunications network for individuals and businesses in Saudi. In February 2022, it announced that Saudi’s Public Investment Fund, Prince Saud Bin Fahad and the Sultan Holding Company had acquired 80% of the company’s 8,069 towers, valued at $807 million. The company’s net profits grew 97.6% in Q1 2022, compared to 2021.