Zain Iraq

Zain Iraq, a subsidiary of the Kuwaiti mobile telecommunications company Zain, operates within Iraq. The parent company was established in 1983 as MTC (Mobile Telecommunications Company) and underwent a rebranding in 2007 to become Zain. The company's presence in Iraq is part of its broader commercial operations, which extend across seven countries in the Middle East. As of 2019, Zain had 49.5 million active customers. The corporate ownership of Zain is divided, with the Kuwait Investment Authority holding approximately 24.6% and Omantel possessing 21.9%. As a rule, only shareholders owning more than 5% are disclosed.