78. Zain KSA

Country: Saudi Arabia
Sector: Telecommunications
CEO: Sultan Bin Abdulaziz Al-Deghaither
Market Value: $2.9 billion
Sales: $2.6 billion
Profits: $338 million
Assets: $7.3 billion

Established in 2007, Zain KSA has 8.8 million subscribers and 4,377 points of sale and offers 5G services in more than 66 cities. In 2023, the company completed a tower infrastructure sale and leaseback to the Golden Lattice Investment Company for more than $805 million and signed a framework agreement with the Private Sector Partnership Reinforcement Program (Shareek) to launch hyper-scale data centers. In May 2024, Zain KSA announced its plans to invest $426.7 million in 5G network expansion in the kingdom.