Mobile Telecommunications Company K.S.C.P. (doing business as Zain), is a Kuwaiti mobile telecommunications company founded in 1983 in Kuwait as MTC (Mobile Telecommunications Company), and later rebranded as Zain in 2007. Zain has a commercial presence in eight countries across the Middle East with 49.5 million active customers as of 31 December 2019. The Vice Chairman and Group CEO is Bader Nasser Al-Kharafi, who was appointed in March 2017. Approximately 24.6% of the company is owned by Kuwait Investment Authority; 21.9% is owned by Omantel; only shareholders that own above 5% are disclosed.[citation needed]

The Zain brand is one of the most recognized telecom brands across the MENA region, with a brand value in excess of US$2.3 billion.[citation needed]

Financial highlights

Zain is listed on the Kuwait Stock Exchange. There are no restrictions on Zain shares as the company's capital is 100% free float and publicly traded. The largest shareholder is the Kuwait Investment Authority (24.6%).

For the full-year 2019, Zain Group generated consolidated revenue of KD 1.66 billion (US$5.5 billion), an impressive 26% Y-o-Y growth, while consolidated EBITDA for the period rose by 40% Y-o-Y to reach KD 728 million (US$2.4 billion), reflecting a healthy EBITDA margin of 44%. Consolidated net income reached KD 217 million (US$715 million), up 10% and reflecting Earnings Per Share of 50 Fils (US$0.17).