{"id":37706,"date":"2022-11-02T19:29:55","date_gmt":"2022-11-02T16:29:55","guid":{"rendered":"https:\/\/saudishopper.com.sa\/en\/?p=37706"},"modified":"2026-03-28T02:07:38","modified_gmt":"2026-03-27T23:07:38","slug":"zain-ksa-achieves-sar299-million-in-net-profit-at-end-of-q3-2022","status":"publish","type":"post","link":"https:\/\/saudishopper.com.sa\/en\/zain-ksa-achieves-sar299-million-in-net-profit-at-end-of-q3-2022\/","title":{"rendered":"Zain KSA achieves SAR299 million in net profit at end of Q3 2022"},"content":{"rendered":"\n<p class=\"has-text-align-center wp-block-paragraph\"><strong>Posting 109% profit growth in the first nine months<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zain&nbsp;KSA&nbsp;recorded&nbsp;109%&nbsp;growth in net profit&nbsp;during&nbsp;the first nine months of 2022, compared to the&nbsp;corresponding&nbsp;period 2021,&nbsp;as&nbsp;revenue&nbsp;amounted to&nbsp;SAR6,7&nbsp;billion by the end of&nbsp;Q3&nbsp;2022.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">With these&nbsp;results,&nbsp;Zain KSA&nbsp;continues&nbsp;to reflect&nbsp;positive financial performance,&nbsp;backed&nbsp;by&nbsp;a strongoperational and investment performance and&nbsp;an improved&nbsp;customer experience&nbsp;that leverages the&nbsp;latest digital services.&nbsp;The results are attributed to Zain KSA\u2019s efforts to further deepen the&nbsp;5G&nbsp;experience for&nbsp;all its&nbsp;customers &#8211; B2C, B2B, and B2G \u2013 in addition to the resumption of the&nbsp;Hajj&nbsp;season which further fueled demand for its services. The&nbsp;expansion&nbsp;of&nbsp;Zain KSA\u2019s&nbsp;innovative digital&nbsp;offerings,&nbsp;including&nbsp;the Yaqoot&nbsp;App bundles&nbsp;and Tamam Financing, Zain&nbsp;KSA\u2019s&nbsp;FinTech&nbsp;subsidiary, has&nbsp;further driven&nbsp;demand and spurred revenue growth.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Commenting on the financial results, Eng. Sultan bin Abdulaziz Al-Deghaither, CEO of Zain KSA, said: \u201cThe results of the first nine months of this year build on Zain KSA\u2019s consistent financial and operational growth.These results&nbsp;confirm&nbsp;Zain KSA\u2019s&nbsp;reliability and attractiveness&nbsp;to&nbsp;our&nbsp;diverse&nbsp;customer&nbsp;base&nbsp;as a 5G&nbsp;partner of choice, an enabler of digital solutions, and a market-leading provider of&nbsp;innovative&nbsp;and efficient&nbsp;digital products. During the third quarter of&nbsp;2022, we continued to deepen&nbsp;our 5G network&nbsp;experience and upgrade&nbsp;our&nbsp;digital infrastructure to serve individuals, enterprises,&nbsp;and giga-projects in&nbsp;Saudi Arabia with the ultimate goal of&nbsp;positioning the&nbsp;Kingdom&nbsp;among the world\u2019s future&nbsp;tech&nbsp;leaders&nbsp;and providing&nbsp;ultra-fast,&nbsp;reliable Internet.&nbsp;While we will continue our targeted investments&nbsp;to promote&nbsp;the&nbsp;Saudi ICT&nbsp;sector, we will&nbsp;focus&nbsp;on&nbsp;the Fintech&nbsp;sector, exploring the promising growth opportunities and bringing in new&nbsp;financing solutions&nbsp;through our emerging FinTech arm Tamam. In addition to attracting and localizing the latest technologies, during Q3 2022 we continued to support young national talent and provide employment and training opportunities for them. We participated in the 8<sup>th<\/sup>&nbsp;edition of \u2018A Step Ahead\u2019 career fair, where we reached out to young talents seeking to leverage their competencies to accelerate the ICT sector Localization.\u201d<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Zain KSA has recently stepped up its contribution to the regional eSports sector, by rolling out the&nbsp;new regional digital entertainment platform PLAYHERA MENA&nbsp;in collaboration with global gaming platform PLAYHERA&nbsp;to target the Middle East\u2019s markets. Headquartered in Saudi Arabia, PLAYHERA MENA will create a suitable environment for innovators, content designers and esports amateurs besides fostering the capabilities of professional gamers.&nbsp;As part of its environmental sustainability action and encouraging the transition to a circular economy, Zain KSA was one of the first companies to support \u2018Recycle your Device\u2019 e-waste recycling campaign launched by the Communications and Information Technology Commission.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Posting 109% profit growth in the first nine months Zain&nbsp;KSA&nbsp;recorded&nbsp;109%&nbsp;growth in net profit&nbsp;during&nbsp;the first nine months of 2022, compared to the&nbsp;corresponding&nbsp;period 2021,&nbsp;as&nbsp;revenue&nbsp;amounted to&nbsp;SAR6,7&nbsp;billion by the end of&nbsp;Q3&nbsp;2022. With these&nbsp;results,&nbsp;Zain KSA&nbsp;continues&nbsp;to reflect&nbsp;positive financial performance,&nbsp;backed&nbsp;by&nbsp;a strongoperational and investment performance and&nbsp;an improved&nbsp;customer experience&nbsp;that leverages the&nbsp;latest digital services.&nbsp;The results are attributed to Zain KSA\u2019s efforts to further deepen the&nbsp;5G&nbsp;experience [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":37707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_meta-robots-noindex":"","_et_pb_use_builder":"off","_et_pb_old_content":"","_et_gb_content_width":"","_pr_autopilot_social_copy":"","_yoast_wpseo_opengraph_title":"","_yoast_wpseo_opengraph_description":"","_yoast_wpseo_opengraph_image":"","_yoast_wpseo_opengraph_image_id":0,"_yoast_wpseo_twitter_title":"","_yoast_wpseo_twitter_description":"","_yoast_wpseo_twitter_image":"","_yoast_wpseo_twitter_image_id":0,"_yoast_wpseo_primary_category":22,"_extra_hide_author_box":"","_extra_featured_post":"","_partner_post_id":0,"footnotes":""},"categories":[24,22],"tags":[],"class_list":["post-37706","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-telecom","et-has-post-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Zain KSA net profit - SAR299m at Q3 2022 | Saudi Shopper<\/title>\n<meta name=\"description\" content=\"Zain KSA net profit hits SAR299 million by end of Q3 2022, with 109% growth and revenue reaching SAR6.7 billion. 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