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Zain gets nod for $4.53bn capital hike
- Kuwait: Thursday, July 03 - 2008 at 12:37
Kuwait-based telecom company Zain has announced that it has won government approval for a $4.53bn capital hike to finance foreign expansion, reported the Bahrain Tribune. Zain shareholders approved a 75% capital increase in March, to sell 1.42 billion shares at 850 fils each for a total of 1.2 billion dinars, to fund its expansion plans.
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Jeff Florian, Senior ReporterThursday, July 03 - 2008 at 12:37 UAE local time (GMT+4)
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