DIZLEE Forum
KEY EVENTS
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Zain Group AGM held successfully with a quorum of 80.1%
Ossamah Al Furaih has been elected as the chairman of the Board and Bader Al Kharafi VC & Group CEO
AGM approved the 25 fils dividends for the second half of 2022 (Total 35 fils/share for the FY'22 surpassing 33
fils/share for FY'22)
AGM approved adoption of a minimum cash dividend policy of 35 fils per share for three years, commencing 2023
TowerCo Update
• Zain KSA: Sale of tower assets to Saudi's PIF for $807m in Jan 2023
Zain Iraq: Completion of the transaction in Jan 2023 with a value of $180m
Fintech... achieved 50% of FY'22 by Q1'23
Revenue jumped by 5-folds and customer base jumped by 60%
Kuwait: Results of digital Banking application pending with Central Bank of Kuwait
Bahrain: Awarded a Fintech license by CBB and expect to launch services by June 2023
Sudan: In the final stages of the launch
Iraq: Zain cash ranked under top Fintech Companies of 2023
Regulatory Update
Kuwait: Number Range Fees court case remained in favor of Zain, during the court of appeal
on 20th Feb 2023, court of cassation is scheduled for 11th July 2023
Kuwait: CITRA requested to shutdown 3G technology setting an initial deadline in June 2023
Bahrain: The regulator plans to increase the annual license fee cap from 1% to 2%
Digital services including Dizlee (API) witnessed excellent growth
Digital revenue grew 48% YoY, Dizlee continues its trajectory growth, offering 67 digital innovations
B2B: Mobility, Business Solutions & Fixed Services
B2B continues to deliver growth, revenue up 37% YoY
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