Mobile Telecommunications Co KSCP 2020 Annual Report with Sustainability Disclosures
The report highlights Zain Group's performance and strategic progress during the fiscal year 2020, a period heavily impacted by the COVID-19 pandemic. Despite a 2% decrease in consolidated revenue to USD 5.3 billion, the company maintained its three-year minimum cash dividend policy of 33 fils per share. Zain accelerated its digital transformation under the '4Sight' strategy, expanding 5G networks in Kuwait, Saudi Arabia, and Bahrain, and launching 'Zain esports' and the fintech platform 'Tamam'. The company also advanced its sustainability goals, becoming the only regional telecom to achieve a 'B' score from the Carbon Disclosure Project (CDP) for its climate actions.
Company: Mobile Telecommunications Co KSCP
Sector: Technology & telecommunications
Country: Kuwait
Year: 2020
Type: Annual Report with Sustainability Disclosures
Pages: 109
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Mobile Telecommunications Co KSCP
Annual Report
The report highlights Zain Group's performance and strategic progress during the fiscal year 2020, a period heavily impacted by the COVID-19 pandemic. Despite a 2% decrease in consolidated revenue to USD 5.3 billion, the company maintained its three-year minimum cash dividend policy of 33 fils per share. Zain accelerated its digital transformation under the '4Sight' strategy, expanding 5G networks in Kuwait, Saudi Arabia, and Bahrain, and launching 'Zain esports' and the fintech platform 'Tamam'. The company also advanced its sustainability goals, becoming the only regional telecom to achieve a 'B' score from the Carbon Disclosure Project (CDP) for its climate actions.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Feb 23, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees