our operations on the African continentand in the Middle East.”Tito Alai, Chief Commercial Officer<strong>Zain</strong> Group said “One Network is nowavailable to more of our customersand makes it easier for them to communicatewith their family, friends andbusiness colleagues, making their lifebetter.”In September 2006 the internationallyrespected magazine, The Economist,said ‘Celtel has, in effect, created aunified market of the kind that regulatorscan only dream about in Europe.’Annoucing the arrival of WiMAX in Bahraintelecommunications market in theKingdom means that <strong>Zain</strong>’s pioneeringoperation in Bahrain has shifted frombeing a mobile services provider to anintegrated telecommunications operator.“<strong>Zain</strong>@home epitomises our focus onenriching the lives of our customers,”said Dr. Ahmed Al Shatti, <strong>Zain</strong>Bahrain’s chief operating officer at aRamadan festive event. “Our successlies in interpreting technology so thatit impacts our customers in a way thatimproves their quality of life.” (seeWiMAX Lives on pages 84-86 for thefull range of <strong>Zain</strong>@home services)AFRICA ABOLISHES ROAMING ASZAIN’S ONE NETWORK EXPANDSNovember 2007, saw 400 million customersacross 12 countries connectedacross Africa in an area more than twicethe size of the European Union, when<strong>Zain</strong> subsidiary Celtel Internationalannounced the extension of ‘OneNetwork’, the world’s first borderlessmobile network in Africa to an additionalsix countries to include Burkina Faso,Chad, Malawi, Niger, Nigeria and Sudan.These countries now join the Republic ofCongo, the Democratic Republic ofCongo, Gabon, Kenya, Tanzania andUganda in the network which was initiallylaunched in September 2006.The move now offers the possibility fornearly half of Africa’s population to makecalls at local rates across 12 countriesand since its launch more than 3 millionpeople have used the service.Celtel’s customers can now use bothprepaid and postpaid services in the12 countries and can top-up their prepaidphones with locally-bought airtimecards which can be bought at more than500,000 points of sale. The One Networkservice is automatically activated uponcrossing into any one of the other countries,with no prior registration requiredor sign up fee charged.“The innovation behind and the expansionof the world’s first borderless mobilephone network is a reflection of our dedicationto the African continent and itspeople.” said <strong>Zain</strong> Group CEO Dr SaadAl Barrak. “We have revolutionarisedtelecommunications in Africa and weintend to roll out this service to more ofDr Saad Al Barrak announcing the end of roaming charges in AfricaAFRICA WANTS MORE MIDDLE EASTINVESTMENTAfrican leaders met with <strong>Zain</strong> CEO DrSaad Al Barrak in November to discussopportunities in accelerating economicgrowth through the further developmentof mobile telecoms infrastructure.A recent research study by theLondon School of Economics showedthat an extra 10 mobile phones per100 people in a typical developingcountry leads to an additional 0.59percentage points of growth in GDPper person. Other research indicatedthat for every job created in themobile telecom sector, up to eightother jobs are created in different sectorsof the economy.Dr Al Barrak met HE President JakayaKikwete of Tanzania at State House inDar es Salaam before proceeding toUganda for the CommonwealthNEWS7 CHAOS SPRING 2008
Accelerating economic growth in AfricaBusiness Forum (CBF), where he alsomet HE Yoweri Museveni, President ofUganda and a number of other AfricaHeads of State, CommonwealthMinisters, CEOs of major corporationsand other VIPs. His discussionsfocused on the <strong>Zain</strong> Group’s commitmentand contribution to the Africancontinent as well as theCommonwealth’s African memberstates comparative advantages inareas such as services, information andcommunications technology, bankingand financial services, manufacturing,agriculture, and natural resources.CAPITAL INCREASEIn December, the Board of Directors ofthe <strong>Zain</strong> Group recommended a cashdividend of 90 fils per share and a 50%stock dividend (bonus shares) for thefiscal year. During the same meeting,the Group’s Board recommended toincrease the company’s paid in capitalby 75%. The anticipated capital increasewill result in proceeds of 100 fils parvalue and 750 fils premium per share onthe new shares to be issued.“The recommendation to increase thecompany’s capital aims to furtherenhance the Group’s key strategy ofbecoming one of the leading globalmobile telecommunications companies,”declared <strong>Zain</strong>’s Chairman, AsaadAl-Banwan. “<strong>Zain</strong> has consistentlygained a reputation as a frontrunnerwhen it comes to seizing and acquiringnew investment opportunities in theregional markets. Maintaining andincreasing shareholders’ equity remainsa priority while the company continuesto grow and expand.”<strong>Zain</strong> CEO, Dr. Saad Al-Barrak, said:“On one hand, increasing the company’scapital will provide <strong>Zain</strong> with theliquidity that is necessary to enable itto meet its commitments to its stakeholdersaccording to our ambitiousstrategies. On the other hand, thisincrease will play a significant role inreducing the borrowing costs of ouroperations in the short term and allowus to leverage for the future when theright opportunities arise.”Al-Barrak went on to explain thatincreasing the company’s capital willhave a very positive impact on theGroup’s future profit levels especiallythat <strong>Zain</strong> has recently carried out severallarge and significant expansions ofoperations in strategic markets in theMiddle East and Africa. He added thatas <strong>Zain</strong> now has a footprint in 22 countriesand a subscriber base of over 43million, the recommended capitalincrease will certainly help the Group’sambition to be one of the top-10 telecomcompanies in the world by 2011.UNITY IN IRAQTwo Iraqi mobile telecommunicationsnetworks - MTC Atheer and Iraqna -change their names in January to <strong>Zain</strong>(www.iq.zain.com). The re-branding followedMTC Atheer’s recent acquisitionof a 15-year nationwide license inAugust 2007, for $1.25 billion and MTCAtheer’s acquisition of Iraqna onDecember 31, 2007, for $1.2 billion.Serving over seven million customers,<strong>Zain</strong> in Iraq’s GM Mr Ali Al Dahwi at the rebranding event in Baghdad<strong>Zain</strong> in Iraq became the fifth Groupoperation to be re-branded joining theGroup’s other operations in Kuwait,Jordan, Bahrain and Sudan that weresuccessfully renamed <strong>Zain</strong> onSeptember 8, 2007. Iraqi customersnow benefit through synergies of thecommon products and services thatare currently offered by the <strong>Zain</strong> Groupand of those that will be developed inthe future.“In recent years through the provision ofessential telecommunication servicesand extensive community support, bothMTC Atheer and Iraqna have played criticalroles in the reconstruction of Iraq,”said Dr Saad Al Barrak, <strong>Zain</strong> CEO.“Together as <strong>Zain</strong>, and as one largeroperation utilizing the Group’s worldwideresources, we will be even betterpositioned to serve the people of Iraq.<strong>Zain</strong>’s unrelenting commitment to thefuture prosperity of Iraq goes hand-inhandwith our aspirations of being a toptenglobal operator.”Mr Ali Al Dahwi, general manager of <strong>Zain</strong>in Iraq, said: “By adopting the new corporatebrand name of <strong>Zain</strong> we have theopportunity to bring the benefits of thedepth and breadth of products and servicesavailable across the Group’s companiesto the people of Iraq. Customers willexperience and enjoy the same quality ofreliability and standards of excellencefound in other <strong>Zain</strong> operations. In addition,the joining of Iraq’s two leadingmobile companies with all our experiencesto date and combined resources8 CHAOS SPRING 2008 NEWS
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- Page 10 and 11: Winning Star Academy - orArab Idol
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The Iraqi ConversionThe Zain Group
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Dr. Saad Al Barrak: Arab AdMan of t
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Mobile browsing is fast emergingas
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Motorola is widely considered tobe
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Vietnam and Ireland, services are a
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to share the costs of laying fibre
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Trivia to inspireBritish cellphone
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