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Saudi Telecom heads bidding in Kuwait
- Saudi Arabia: Tuesday, November 27 - 2007 at 07:53
Saudi Telecom was the highest bidder for a stake in Kuwait's third mobile phone company offering 120m Kuwaiti dinars, reported Reuters. The company offered 923 fils per share for 130 million shares, equivalent to 26 per cent of the telecom company that the Kuwaiti government is setting up. Although the state-owned Kuwait Investment Authority (KIA), which is arranging the sale of the stake, could not confirm the report.
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Amena Bakr, Senior ReporterTuesday, November 27 - 2007 at 07:53 UAE local time (GMT+4)
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