The company received the accolade at the Arabia Fast Growth 500 Awards in Istanbul, Turkey.
Zonik, established in 2007 by the Al Fozan Group, offers premium consumer electronics and communication products and services to customers in Saudi Arabia through its award winning concept stores and via a distribution network of 3,500 independents stores.
Zonik’s large vehicle fleet and extensive Kingdomwide footprint allows its products and services to be distributed to major cities as well as remote villages.
Abdullah Abdulatif Al-Fozan, chairman, United Electronics Company (eXtra), said: “Zonik is the ultimate embodiment of our company’s culture of innovation, customer service excellence and business partnership. We are enormously proud of how far we have come in such a short space of time, and we look forward to developing many more opportunities with outstanding partners through our award winning Zonik business.”
Anis Dayya, general manager, Zonik, added: “We’ve made huge progress on a number of fronts. We have the right strategy for growth and job creation but, importantly, we also have created a culture where people like the company and what it stands for, and where our people understand that the pace of change in the market place compels us to stay at the forefront of technology innovation.”
Compiled by the AllWorld Network, an organization dedicated to boosting entrepreneurship across the globe, the Arabia Fast Growth 500 ranks the performance of the fastest growing young companies in the Middle East and North Africa (MENA) region, Turkey and Pakistan.
Being ranked by AllWorld helps to attract new investors, customers, joint venture partners and talent so young companies can continue to grow and get to scale.
To make the list, companies must demonstrate strong competitive capacity and a three-year history of annual revenue growth of 40 percent or more.
Zonik’s enormously rapid growth since its creation saw the company recognized as the Kingdom’s fastest growing young company.
Zonik has ambitious plans to maintain its rapid recent growth trajectory by building upon its partnerships with innovative technology companies such as Nokia, Zain, Philips and Vestal.
