Zain Saudi claims 15% market share

Zain Saudi Arabia recorded a net loss of SAR820 million (US$219 million) in Q309, down from the SAR857 million net loss recorded in Q209 but up 26 per cent from the SAR649 million net loss recorded in Q308, according to a statement on the Saudi stock exchange. Zain also said that the Saudi unit recorded revenues of SAR825 million in Q309, up 18 per cent quarter-on-quarter, and that its subscriber base now accounts for more than 15 per cent of the Saudi mobile market.