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00:00 In the results of the companies' work in the telecommunications sector in Kuwait, we talk
00:05 about the Kuwaiti leader Zain and the results of this company's work during 2023.
00:12 The most prominent figures that we focus on are the initial clear profits during the fourth
00:18 quarter of 2023.
00:19 The profits that were recorded were about $140 million.
00:22 We are talking about a 2% decline in annual profits, and so there were fewer expectations
00:30 that were set at $165 million.
00:33 Returning to the annual results of this company during this period, we noticed an increase
00:42 of about 10% in 2023, and so the results were more than $700 million, and we are talking
00:50 about a decline of about $700 million, and so the results were less than expected, which
00:57 was set at $733 million.
00:59 The revenues, as we saw last year, increased by 10%.
01:03 The clear effect and the operating environment and operations also affected the company's
01:09 earnings.
01:10 We noticed an increase of 10% in revenues last year, and exceeded $1.5 billion.
01:16 We are talking today about the distribution of the company's revenues in two sectors,
01:22 and so the revenues depend on the countries where this company operates.
01:27 We find that Saudi Arabia has 42% of the revenue distribution, followed by Kuwait with
01:33 19% and the rest is distributed to other countries where Zain is operating.
01:38 We are talking about the distribution of the company's revenues in two sectors, and so
01:44 the revenues depend on the countries where Zain is operating.
01:47 But if we were to talk about the revenues for countries like Sudan and others in Iraq,
01:53 if we can look at the details of the revenues, we notice that the highest growth in these
01:59 revenues, we are talking about Zain, Sudan, was there at 14% in the growth of revenues,
02:05 Zain in Iraq at 20%, but Zain in Saudi Arabia, there were also strong profits for the company
02:12 in Iraq at 9%, and so it acquired a larger share of these revenues, which exceeded $2.6
02:19 billion.
02:20 But if we were to talk about the Sudanese bank, there were some factors that affected
02:26 the security disruptions, and so there was a decline in the number of customers.
02:31 Distributions are the most prominent bank that investors look at today when it comes
02:36 to the company's business results.
02:38 We noticed that the company's revenue distribution was recommended to be about 25% of the
02:44 share, and so if we talk about the total revenue distribution for Zain, Saudi Arabia,
02:50 it reaches about 35% of the share.
02:53 The company's revenue growth from data services, we noticed that the change was 8% to
02:59 $2.4 billion, and so this change represents about 39% of the total revenues.
03:10 If we were to talk about the company's directions and the main financial spending, there was
03:15 also growth during the past period in 2023, and it represented about $994 million, which
03:23 is equivalent to 19% of the total revenues.
03:26 We noticed that the number of participants declined by 3% during the past year, reaching
03:32 50.6 million participants, and as we mentioned, especially in the market in Sudan, and that
03:38 is the result of the claims in the dispute in Sudan, this affected and put pressure on
03:43 the number of customers.
03:45 But finally, this was the summary of the results of the activities of the Kuwaiti company
03:50 Zain in 2023.