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NewsTranscript
00:00 The telecommunications sector has seen a huge rebound in the past period.
00:05 We saw this after the companies achieved results in their work for the third quarter and the first nine months of this year.
00:13 We are talking about Zain Group, which exceeded expectations.
00:18 How were the results and numbers recorded by the group in the last quarter, third quarter of this year and the first nine months?
00:27 We start with the quarter's profits, which grew by 11% and exceeded expectations, which recorded 196 million dollars,
00:35 compared to expectations, which were at 168 million dollars.
00:39 The first nine months' profits also grew by 13%.
00:44 In contrast, we had a growth in wills by more than 11%, which exceeded 4.6 billion dollars.
00:56 There was clear support for digital transformation and digital technology for the group.
01:03 Here we are talking about the group's wills, and according to the geographical distribution,
01:08 the largest percentage of these wills was acquired by Saudi Arabia with more than 43%.
01:14 Kuwait was the third with 19%, while Iraq with 16%, and was the middle between Sudan and Jordan with 9%,
01:21 while Bahrain had a percentage of 3%.
01:25 The highest growth in wills this time, we are talking about two main markets,
01:29 which supported these increases and this growth in Sudan.
01:33 Zain of Sudan grew by 28%, and Zain of Iraq also 19%, and there was also a growth rate of 10% for Saudi Arabia.
01:42 We are talking about this transformation and the growth of the data services sector in the group,
01:47 with an 8% percentage, as well as the operations we talked about in the two markets,
01:54 Sudan, Iraq, and Saudi Arabia.
01:59 Digital services, which were also a group, also had a clear growth during the past period.
02:05 We are talking about these wills that came from the data services that we were talking about
02:10 with 1.8 billion dollars, which represents 39% of the total wills.
02:16 Digital services, which grew by 10%, and the projects sector also grew,
02:23 business to business, by 27%.
02:28 As for the level of the number of participants, there was also some regression,
02:32 but it is still controlled by what is 52 million participants in the group.
02:41 We are talking about the following companies, which also had strong activities.
02:46 ZainTech, which is a huge player in the level of its business in the projects related to infrastructure.
02:53 And ZainFintech, which also establishes regional and large-scale companies for the companies that the group does.
03:03 In contrast, this clear and extensive growth in the opportunities of Zain's growth
03:08 in its field of technology and digital transformation.
03:12 This is what led to this huge growth that we are witnessing for the group.
03:16 In terms of the performance of the contribution of the Zain group in the Kuwait Stock Exchange,
03:20 we have seen some regression since the beginning of the year, by more than 14%.
03:25 In contrast, we also had some market losses of 1.1 billion dollars since the beginning of the year,
03:31 but this market value is still close to 7 billion dollars for the Zain group.
03:36 We have seen this positive performance of the group, which was achieved in the first three quarters of the year.