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الاقتصادية
Zain Saudi profits rise over 60%
Zain Saudi Arabia, one of the leading telecommunications companies, achieved a significant increase in its net profits during the second quarter of 2026, growing by 60.6% year-on-year to reach 204 million riyals, surpassing analysts' expectations of 151 million riyals. This increase was driven by an improved revenue mix, particularly with growth in 5G services for users, and a 17.7% rise in operating profits resulting from lower depreciation and amortization expenses. Despite a decline in handset sales, quarterly revenues remained steady at 2.65 billion riyals. Capital expenditures since the beginning of the year amounted to 178 million riyals to enhance service quality. Earnings per share increased to 45 halalas. The company has been active in the telecommunications sector since its establishment in 2008, with a market value of 10.5 billion riyals, and Zain Kuwait holds a 37% stake.
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