Riyadh- Peter Kaliaropoulos, CEO of Zain Saudi Arabia, has revealed that competitiveness in the Saudi telecommunication has increased and that Zain aims at providing wide-scope and fast services through using the most recent and the best fiber optics techniques.
In an interview with Asharq Al-Awsat, Kaliaropoulos said that the company will continue to increase jobs nationalization averages. “We are proud that nationalization in Zain has reached 76% and we certainly appreciate the qualified Saudi youths who have managed to work and innovate. This reflected on the operational performance of the company, contributing to boosting profits during the first half of 2017,” he added.
Zain CEO stated that the keen pursuit of the company to lead in the field of data services has clearly affected the growing and strong performance of Zain. “Our seriousness in Zain is reflected through providing best services, developing operating efficiency and focusing on quality through investing in the 4.5G LTE Network.”
Kaliaropoulos declared that despite the fact that the Saudi telecommunication market had lost around 6.5 million users during the past year, Zain succeeded in maintaining its market share of users. “Further, Zain continued to enhance services’ efficiency to urge customers to get more of its services, and to reduce operational costs,” he continued.
He added that the company “is working hard with a full focus on achieving its strategic priorities represented in the continuous development of operations, with keenness on achieving successes and confronting market challenges.”
These developments coincide with Zain earning profits of SAR53 million (USD14.1 million) end of the 2017 first half compared to losses of SAR578 million (USD154.1 million) in the same period in 2016.