Zain Group Financial and Strategic Investments Overview
KEY EVENTS
Interim Dividends 10 fils for H1 2022
The Board declares a second consecutive interim dividend of 10 fils per share
for the first six months of 2022, subject to regulatory approval
B2B : Mobility, Business Solutions & Fixed Services
B2B continues to deliver growth, revenue up 21% vs H1 2021
Zain Group API platform
Continues to grow with 26 digital partnerships offering 51 compelling services,
34% increase in net revenue
Fintech... Excellent revenue & customer growth
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Zain KSA fintech subsidiary, ‘Tamam'; ZainCash in Iraq & Jordan; M-Gurush in
South Sudan attract 1.6 million customers
Revenue grew by more than 270% and customer base jumped by 103%
TowerCo deal
Zain KSA: Board approved PIF offer for SAR 3.03bn (8,069 towers)
OZON
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Zain Iraq: Transaction in process with TASC, expected H2 2022
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Zain Bahrain: ongoing transaction process
Regulatory Update
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Kuwait: First-Degree Court decision was issued on Number Range Case in favor
of Zain on 19th of June'22, leading to a potential benefit of KD24m.
Sudan: $23m benefit in Q2'22; 50% reduction of income tax (Double Taxation
Avoidance Agreement "DTAA") and 100% increase in withholding tax on Mgmt
fees (w.e.f. Jan 2021).
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