Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia’s (Zain KSA) net profits fell by 46.4% on a yearly basis during 2020 due to lower revenues and cost of revenue.
The company’s earnings netted SAR 260 million last year, compared with SAR 485 million in the previous year, according to a bourse filing on Sunday.
Revenue for 2020 stood at SAR 7.9 billion, down by 5.6% annually.
