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Zain sets date for $4.5bn subscription

  • Kuwait: Monday, August 11 - 2008 at 13:51

Zain has set subscription to the capital increase on August 17, 2008 and and will close on September 18, 2008. The subscription price will be 850 fils per share i.e. a nominal value of 100 fils per share plus an issuance premium of 750 fils. The anticipated capital increase is expected to result in proceeds of about $4.5bn.

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