ZAIN SIGNS A COMMERCIAL COOPERATION AGREEMENT WITH VODAFONE

Mobile Telecommunication Company "Zain" announces that it has entered into a commercial agreement (Agreement) on Sunday, dated shawwal 15th, 1433 (H) corresponding to September 2nd, 2012 (G) with Vodafone Sales & Services Limited (Vodafone).

This commercial cooperation Agreement will provide Zain KSA with access to in-depth knowledge transfer on a range of operational issues, together with branding and procurement support from Vodafone. Covering products and services, international roaming and handsets, the Agreement will allow customers of Zain KSA to benefit from the industry leading expertise and global presence of Vodafone.
The Company wishes to clarify to its shareholders that this signed Agreement is relating only to the field of commercial services and consulting, and does not relate to any equity sale or purchase by either of the parties.

 It will however, enable new opportunities for commercial cooperation between the parties, which will allow Zain KSAs customers to benefit from advanced services and products, both domestically and whilst roaming overseas for calls and data in more than 44 countries around the globe.