79. Zain KSA

Country: Saudi Arabia
Sector: Telecommunications
CEO: Sultan Bin Abdulaziz Al-Deghaither
Market Value: $3.6 billion
Sales: $2.4 billion
Profits: $147 million
Assets: $7.6 billion

Zain KSA provides telecom services, 5G networks, digital payment services, cloud computing, IoT solutions, fiber services, drones, and digital entertainment to 8.6 million subscribers in Saudi Arabia. It is a subsidiary of the Zain Group. In 2022, Zain KSA approved the sale of its 80% majority stake in 8,069 passive tower infrastructure for $807 million to a PIF-led consortium. In 2023, Zain KSA signed an agreement with Shareek to launch a number of hyper-scale data centers to drive the kingdom's transition into the digital economy.