Mobile Telecommunication Company Saudi Arabia is a telecommunications services company that offers fixed line, mobile telephony, and Internet services under the brand name
Zain Saudi Arabia. Zain was the third
mobile network operator
A mobile network operator (MNO), also known as a wireless service provider, wireless carrier, cellular company, or mobile network carrier, is a provider of wireless communications services that owns or controls all the elements necessary to sell ...
in Saudi Arabia. It was launched on 26 August 2008 and it enrolled more than 2 million subscribers within 4 months of its launch.
History
The company paid $6.1 billion for a license to operate in Saudi Arabia for 25 years. Mobile Telecommunication Company Saudi Arabia was listed on the
Tadawul
Saudi Stock Exchange () or Tadāwul () is a stock exchange in Saudi Arabia. Tadāwul was formed in 2007 as a joint stock company and the sole entity authorized to act as a securities exchange in Saudi Arabia, but trading began in 1954 as an inf ...
on 22 March 2008.
Zain launched mobile services in Saudi Arabia on 26 August 2008.
The company negotiated a $2.5 billion Islamic loan in 2009.
Zain appointed a new chairman on 23 March 2013. This news came within a week of Saudi Telecom's (STC) CEO resigning from his position.
Arab news
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Infrastructure
In 2021, Zain Saudi Arabia owned 8,069 telecom towers in Saudi Arabia, valued at 3,026 million Saudi riyals (807 million US dollars).
Radio Frequency Summary
References
External links
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2008 establishments in Saudi Arabia
Telecommunications companies established in 2008
Companies listed on Tadawul
Telecommunications companies of Saudi Arabia
Mobile phone companies of Saudi Arabia
Companies based in Riyadh
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