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Zain Group's consolidated net income for 2017 increased by 2% to KD 160 million ($527 million), reflecting Earnings Per Share of 39 fils ($0.13). Consolidated revenues amounted to KD 1.03 billion ($3.4 billion), down 5% YoY.
Service subscribers can enjoy GenieATM's values of monitoring and protecting their networks at an affordable subscription fee, while Zain can monetise a powerful service to increase its average revenue per user.
It is estimated that 89% of Iraq's adult population does not possess a bank account, though the great majority of these unbanked adults own a mobile phone. Many adults have begun to use their phones beyond just voice and text messaging.