Damascus, May 21 (SANA) Bader Nasser Al-Kharafi, vice chairman and chief executive of Zain Group, said Syria could become a source of revenue and profit growth for the company as it seeks a mobile telecommunications license in the country.
Speaking to CNBC Arabia, the Kuwaiti business leader said Syria had previously been one of the region’s strongest economies and that the country needed a strong telecommunications operator.
He said Zain had submitted a bid to operate in Syria and had high expectations for the Syrian market and was among the first companies to invest there.
Al-Kharafi added that the group’s first-quarter profits were supported by its strategy to diversify income sources. He also said Zain’s investments in SpaceX generated significant returns.
He said the company had received approval to establish a digital bank in Iraq and was seeking a digital banking license in Kuwait.
M.F / ABD
