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Saturday, November 21 - 2009

Zain

Name Zain
Sector Telecom - Mobile operator
Trading KSE
RIC Code ZAIN.KW
Location KUWAIT

Profile and Background

Mobile Telecommunications Company (MTC) was founded in 1983 to offer mobile telephony services in Kuwait and is currently one of the leading mobile operators in the Middle East with over 3.4 mn customers across the region in Kuwait, Bahrain, Jordan, Iraq and Lebanon.

MTC expanded its geographic base by acquiring Celtel, which is a leading African operation spread across 13 countries with 5.2 mn subscribers, on March 29, 2005. MTC is currently known as MTC-Vodafone in Kuwait and Bahrain, Fastlink in Jordan, MTC Atheer in Iraq, MTC Touch in Lebanon and Celtel in Africa (13 countries).

The firm has the following subsidiaries: Etisalat Plus Company (100%), E-Communication Company (100%), MTC Lebanon (100%), Jordan Mobile Telephone Services (via Pella Investment Company, 96.52%), MTC Vodafone Bahrain (60%) and Atheer Telecommunications (30%).

Shareholding Groups

Individuals N/A
Institutions N/A
Floating N/A
Government 26%

Board Members (Listed in alphabetical order)

Stock Performance

Zain Stock Performance

Market Information

Stock Kuwait Index
Last Closing KD 4.52 4235.56
YTD % 42.25% 32.59%
Weekly % 8.654% 2.45%
Year High KD 4.52 4452.02
Year Low KD 3.178 3194.54
52 Week High KD 4.52 4452.02
52 Week Low KD 3.06 2615.06
BETA 0.8864
Outstanding Shares 554,220,969
Market Cap KD 2,505,078,780
Market Cap in $ USD $8,576,099,897
% of Kuwait Market 9.34%
% of Sector 77.43%
Rank by Cap 2

Key Figures in '000 KD

2003 2002 2001
Total Assets 587,172 349,593 322,293
Shareholder's Equity 336,291 284,166 263,819
NIAT 102,212 75,042 79,564
Dividends 73,995 N/A 64,129

Financial Ratios

2003 2002 2001
Assets Growth 67.96% 8.47% 20.60%
Earning Growth 36.21% -5.68% 14.27%
ROaA 21.82% 22.34% 26.99%
ROaE 32.95% 27.39% 32.77%
No. Of Shares 493,298,592 493,298,592 493,298,592
EPS 0.21 0.15 0.16
EPS Growth 36.21% -5.68% 14.27%
Payout Ratio 72.393 N/A 80.6

Valuation Ratios

Trailing
PE 24.51
PB 7.45
DVPS 0.13
Div Yield 2.95%
EV 1,953,462.42
EV/Equity 5.81
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