Enter your email address below and subscribe to our newsletter

Zain KSA records SAR 9.9B revenue, proposes second-year dividend distribution

Share your love

**Título:** *Zain KSA 2023 Profit Soars 131%*

**Intro:**
Zain KSA reported record annual revenue of SAR 9.9 billion in 2023, a 9% year-on-year surge, with net profit skyrocketing 131% to SAR 1.3 billion. The telecom giant credited 5G expansion, tower infrastructure sales, and digital service demand. It also announced a 5% dividend payout and highlighted ESG milestones, including the world’s first zero-emission 5G network.

**Factbox (50 palabras):**
– **2023 Revenue:** SAR 9.9B (+9% YoY).
– **Net Profit:** SAR 1.3B (+131%).
– **Dividends:** 5% cash payout (2nd consecutive year).
– **Key Drivers:** SAR 1B tower sale, SAR 121M GLIC stake, 5G growth.
– **ESG:** Upgraded to MSCI ‘A’ rating, zero-emission network launched.

**Zain KSA Achieves Historic Financial Milestones in 2023: A Year of Innovation and Strategic Growth**

In a landmark year marked by unprecedented growth, Zain KSA, Saudi Arabia’s premier telecom and digital services provider, announced record-breaking financial results for 2023. With annual revenue soaring to **SAR 9.9 billion**—a **9% increase** from SAR 9.1 billion in 2022—the company solidified its leadership in the Kingdom’s rapidly evolving digital landscape. Equally impressive was its net profit, which surged by **131% to SAR 1.3 billion**, underscoring Zain KSA’s operational excellence and strategic vision. Demonstrating its commitment to shareholder value, the company also proposed **5% cash dividends** for 2023, marking its second consecutive year of dividend distributions.

### **Unprecedented Financial Performance Driven by Strategic Moves**
The stellar financial results stemmed from a combination of transformative initiatives:
1. **Passive Infrastructure Transfer**: The sale of 8,069 telecom towers generated **SAR 1 billion** in revenue, optimizing asset utilization.
2. **Strategic Stake Sale**: Divesting a **20% share in Golden Lattice Investment Co. (GLIC)** contributed **SAR 121 million** to profits, enhancing liquidity.
3. **5G and Digital Expansion**: Accelerated adoption of 5G services, robust enterprise solutions, and surging demand for consumer offerings like the **Yaqoot Digital prepaid service** fueled organic growth.

These efforts reflect Zain KSA’s agility in balancing asset monetization with investments in next-generation technologies.

### **Pioneering Sustainability and Technological Leadership**
Zain KSA’s 2023 achievements extended beyond financials, positioning it as a global sustainability leader:
– **World’s First Zero-Emission 5G Network**: Designed and deployed entirely in Saudi Arabia, this milestone aligns with the Kingdom’s green energy goals.
– **Hyper-Scale Data Center Ambitions**: A partnership with **Shareek** (Private Sector Partnership Program) aims to develop cutting-edge data centers, attracting global tech giants to the region.
– **ESG Excellence**: The company earned an upgraded **“A” rating** in the **MSCI ESG Index**, integrating environmental, social, and governance principles across operations.

### **Leadership Vision: Aligning with Saudi Vision 2030**
**HH Prince Naif bin Sultan Al Kabeer**, Chairman of Zain KSA, emphasized the company’s role in advancing Saudi Arabia’s digital transformation:
> *“Our record results reflect our unwavering commitment to innovation, which cements Zain KSA as a cornerstone of the Kingdom’s smart, knowledge-based economy. We are proud to contribute to Saudi Vision 2030 by empowering individuals and enterprises through transformative connectivity.”*

**Eng. Sultan Al-Deghaither**, CEO, highlighted sustainability and talent development as core priorities:
> *“By investing in green technology and nurturing Saudi talent—particularly through programs addressing the digital education gap—we are building a future-ready organization that drives inclusive growth.”*

### **A Blueprint for Future Growth**
Zain KSA’s 2023 success story is a testament to its dual focus on **financial discipline** and **long-term strategic investments**. As the company continues to expand its 5G footprint, champion sustainability, and foster public-private collaborations, it remains a pivotal enabler of Saudi Arabia’s ambition to become a global digital hub.

With its eyes set on further innovation and market leadership, Zain KSA is poised to redefine the telecom sector while delivering sustained value to stakeholders and the nation.


*For more updates on Zain KSA’s initiatives and financial performance, stay tuned to our corporate channels.*


**Tags**: Zain KSA, Financial Results 2023, Saudi Vision 2030, 5G Innovation, ESG, Dividend Announcement, Sustainability in Telecom
**Categories**: Telecommunications, Business News, Sustainability, Technology, Saudi Arabia


This structured, SEO-friendly article balances data-driven insights with strategic narratives, appealing to investors, industry stakeholders, and customers while reinforcing Zain KSA’s role in Saudi Arabia’s digital future.

**15 FAQs on Zain KSA’s 2023 Financial Performance & Strategic Initiatives**

1. **What were Zain KSA’s annual revenue and profit figures for 2023?**
Zain KSA reported a record-breaking annual revenue of SAR 9.9 billion in 2023, a 9% increase from 2022, with profits soaring 131% to SAR 1.3 billion, its highest-ever annual profit.

2. **What dividend has Zain KSA recommended for shareholders in 2023?**
The company proposed cash dividends of 5% of the nominal share value for 2023, marking the second consecutive year of dividend distributions to shareholders.

3. **How did the transfer of passive infrastructure impact Zain KSA’s 2023 revenue?**
The transfer of 8,069 towers generated SAR 1 billion in revenue, significantly contributing to the company’s financial growth and operational efficiency.

4. **What role did the sale of GLIC’s stake play in Zain KSA’s earnings?**
Selling a 20% stake in Golden Lattice Investment Co. (GLIC) added SAR 121 million to earnings, diversifying revenue streams and enhancing profitability.

5. **How did 5G services influence Zain KSA’s performance in 2023?**
Focus on 5G services, business sector solutions, and high demand for Yaqoot Digital drove sustained revenue growth, positioning Zain as a tech leader in Saudi Arabia.

6. **What sustainability milestones did Zain KSA achieve in 2023?**
Zain KSA launched the world’s first zero-emission 5G network and upgraded its MSCI ESG rating to (A), reflecting its commitment to green technology and ESG principles.

7. **What is Zain KSA’s partnership with Shareek, and what does it entail?**
The framework agreement with Shareek aims to develop hyper-scale data centers to attract global tech companies, aligning with Saudi Arabia’s digital infrastructure goals.

8. **How does Zain KSA align with Saudi Vision 2030?**
Through investments in 5G, digital solutions, and partnerships, Zain KSA supports Vision 2030’s goals of economic diversification and a knowledge-based digital economy.

9. **What is the significance of Zain KSA’s zero-emission 5G network?**
Designed and implemented entirely in Saudi Arabia, this network reduces carbon footprint while advancing cutting-edge connectivity, showcasing Zain’s innovation in sustainable telecom solutions.

10. **How does Zain KSA address human capital development?**
The company prioritizes training programs for Saudi talent, focusing on bridging the digital education gap and empowering youth through tech-focused initiatives.

11. **What contributed to the 131% surge in Zain KSA’s 2023 net profit?**
Profit growth stemmed from tower transfers, GLIC stake sales, 5G expansion, and operational efficiencies, alongside reduced financing costs and improved revenue streams.

12. **What is Yaqoot Digital, and how did it impact revenue?**
Yaqoot Digital, a prepaid eSIM service, boosted individual service demand by offering seamless connectivity solutions, driving customer engagement and revenue growth.

13. **How does Zain KSA integrate ESG principles into its operations?**
The company embeds ESG via green tech investments, community initiatives, and governance reforms, achieving an upgraded (A) rating in the MSCI ESG Index for 2023.

14. **What future initiatives has Zain KSA announced for digital infrastructure?**
Plans include expanding 5G coverage, building hyper-scale data centers via Shareek, and enhancing enterprise solutions to support Saudi Arabia’s digital transformation.

15. **How does Zain KSA’s leadership view its 2023 achievements?**
Leadership highlights 2023 as a milestone year, combining record profits, sustainability strides, and strategic partnerships to advance Saudi Arabia’s telecom sector and Vision 2030 objectives.

**CTA (Llamado a la Acción):**
¿Listo para ser parte de la revolución digital de Arabia Saudita? **Descubre cómo Zain KSA está transformando el futuro de las telecomunicaciones** con innovación sostenible y soluciones 5G de vanguardia. [Visita su sitio web](https://www.zain.com/sa) para explorar sus servicios, oportunidades de inversión o únete a la conversación en redes sociales usando **#ZainKSA**. ¡Invierte en el progreso, conecta con el futuro!

**Conclusión:**
El año 2023 marca un hito histórico para Zain KSA, consolidando su liderazgo como pionero en telecomunicaciones y soluciones digitales en el Reino. Con un crecimiento récord en ingresos y ganancias, impulsado por su enfoque en 5G, infraestructura inteligente y alianzas estratégicas como Shareek, la compañía no solo está generando valor para sus accionistas, sino también acelerando la transformación digital alineada con la Visión 2030. Su compromiso con la sostenibilidad, la innovación verde y el desarrollo del capital humano refleja una visión integral que equilibra el éxito empresarial con el impacto social y ambiental. Zain KSA no solo construye redes; está tejiendo el futuro de un Reino conectado, inteligente y sostenible.

**Agradecimiento:**
Gracias por acompañarnos en este recorrido por los logros de Zain KSA en 2023. En un mundo donde la tecnología avanza a pasos agigantados, es inspirador ver cómo empresas como Zain KSA lideran con propósito y responsabilidad. ¡Mantente atento a nuestras próximas actualizaciones para seguir descubriendo historias que impulsan el progreso en Arabia Saudita y más allá! ¿Tienes preguntas o comentarios? ¡Nos encantaría leerte en la sección de abajo! 🌍📡


*Nota: Adapta los enlaces y hashtags según las preferencias de la marca.*

Ahmed Saleh
Ahmed Saleh
Articles: 318

Stay informed and not overwhelmed, subscribe now!