Zain Saudi Arabia reported earnings results for the fourth quarter and full year ended December 31, 2015. For the fourth quarter of 2015, the company witnessed a 47% increase in EBITDA reaching SAR 405 million up from SAR 275 million in fourth quarter 2014. Revenues increased 7% quarter on quarter, to reach SAR 1,672 million for fourth quarter 2015 compared with SAR 1,556 million during the same quarter of 2014. Operating losses reflected a 40% reduction in fourth quarter 2015 compared with fourth quarter 2014, reducing to SAR 82 million from SAR 137 million. The company reported that net loss for the fourth quarter ended December 31, 2015 was SAR 291 million, compared to a net loss of SAR 306 million for the same quarter ended December 31, 2014.

For the year, the company announced recording a significant 48% increase in EBITDA to reach SAR 1,629 million, for the twelve months period, up from SAR 1,100 million during the same period of 2014. Revenues grew by 9% year on year, to reach SAR 6,741 million for the year compared with SAR 6,170 million in 2014. The company recorded a significant 73% reduction in operation losses, to reach SAR 141 million down from SAR 534 million in 2014. Net losses for the year narrowed by 23% to SAR 971 million, down from SAR 1,269 million during 2014.