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DIZLEE Forum

KEY EVENTS • • • 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 zain
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