RIYADH: Mobile Telecommunication Co. Saudi Arabia, known as Zain KSA, has seen a 98 percent increase in net profit during the first quarter of 2022 on the back of higher revenue.
The telecom firm's net profit rose to SR81 million ($21.6 million) from SR41 million on a quarterly basis, according to a filing to Saudi Exchange.
The increase was due to a 12.44 percent rise in earnings driven by the growth in 5G and other revenue streams.
