Mobile Telecommunications Co KSCP 2022 Annual Report with Sustainability Disclosures
The report highlights Zain Group's financial and operational achievements for the fiscal year 2022, showcasing a 14% year-on-year revenue increase to USD 5.6 billion and a 6% increase in net income to USD 640 million. The company made significant progress on its '4Sight' strategy, including the sale and leaseback of passive tower infrastructure in Saudi Arabia and Iraq, and the expansion of its fintech services, which saw a 241% revenue growth. In sustainability, Zain maintained its A- leadership score in the CDP Climate Change assessment and committed to the Science Based Targets initiative (SBTi) to achieve net-zero emissions by 2050. Additionally, the company advanced its Diversity, Equity, and Inclusion initiatives, launching the DEI University and being recognized as the Best Employer in Kuwait by Forbes.
Company: Mobile Telecommunications Co KSCP
Sector: Technology & telecommunications
Country: Kuwait
Year: 2022
Type: Annual Report with Sustainability Disclosures
Pages: 204
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Mobile Telecommunications Co KSCP
Annual Report
The report highlights Zain Group's financial and operational achievements for the fiscal year 2022, showcasing a 14% year-on-year revenue increase to USD 5.6 billion and a 6% increase in net income to USD 640 million. The company made significant progress on its '4Sight' strategy, including the sale and leaseback of passive tower infrastructure in Saudi Arabia and Iraq, and the expansion of its fintech services, which saw a 241% revenue growth. In sustainability, Zain maintained its A- leadership score in the CDP Climate Change assessment and committed to the Science Based Targets initiative (SBTi) to achieve net-zero emissions by 2050. Additionally, the company advanced its Diversity, Equity, and Inclusion initiatives, launching the DEI University and being recognized as the Best Employer in Kuwait by Forbes.
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Document Details
Report Year
2022
Reporting Period
Jan 1, 2022 - Dec 31, 2022
Fiscal Year
2022
Published
Mar 13, 2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Assurance
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 3:
Net Zero Target
Employees