Global acts as Financial Advisor for Zain deal with Paltel

Global's role as the Financial Advisor to Zain involved assessing various options and recommending the most suitable strategy for Zain to close the deal.

Global analyzed both the historical financials and future forecasts of Zain-Jordan and Paltel based on their business plans, and provided financial advice related to the negotiations and agreements between the two parties.

Mr. Bader AL-Sumait, Chief Executive Officer at Global, said:

"We would like to thank Zain Group for the great confidence they have in us in the assistance to close this deal. We are honoured to work with Zain Group and we have utilized all our resources in the Investment Banking divisions of both Kuwait and Jordan offices to present the best possible service to the Zain Group to conclude this deal."

Mr. AL-Sumait added, "We are proud to add Zain Group to Global's list of clients who have benefited from our distinctive services in Investment Banking and Financial Advisory. This deal is a new accomplishment added to Global's long list of achievements in Financial Advisory."

Mr. Barrak Al-Sabeeh, CEO Business Development, Government & International Relations at Zain said, "We at Zain Group are delighted with this successful association with Global, which will undoubtedly extend to future projects."

He also highlighted that Global played a vital role in closing this deal through its position as the Financial Advisor to Zain.

Mr. Al-Sabeeh added, "We have chosen Global to be our financial advisor for their professionalism in the services of Investment Banking and their experience in the region, specifically in the Jordanian and Palestinian markets through their presence in Jordan."

It is worth mentioning that Global has one of the leading Investment Banking divisions in the region with a highly qualified team and an established record of achievements. The team is backed with outstanding relations in the international and regional markets where their services are rendered to match their clients' needs in corporate advisory, investment banking and structured finance.