Kuwait's Zain Group announced that it achieved approximately 208 million Kuwaiti dinars (677 million US dollars) in net profits for the year 2024, with earnings of 35 fils per share. 

In a press statement issued today, Sunday, Zain Group's Chairman of the Board, Osama Al-Furaih, stated that the Board of Directors has recommended a new dividend distribution policy of a minimum of 35 fils per share for a period of three years, starting from the 2026 distributions. This recommendation will be presented to the Ordinary General Assembly for approval.

Al-Furaih added that the consolidated revenues achieved record growth rates, marking the highest annual revenues in the last 15 years, reaching approximately 2 billion dinars (6.4 billion dollars), a growth rate of 3% compared to 1.9 billion dinars (6.2 billion dollars) in 2023. He explained that Zain Group maintained its operational growth momentum during a challenging period, particularly with ongoing operational challenges and intensified competition in the telecommunications and information technology sector.

He pointed out that "the Group achieved record financial results in 2024, thanks to strategic initiatives, operational flexibility, leveraging capabilities, and seizing opportunities."