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Zain to sell 46% stake, says report
- Kuwait: Monday, September 07 - 2009 at 14:37
Zain's shareholders have reached a preliminary agreement with Gulf and Asian investors to sell 46% of their stake, according to Al-Rai newspaper. If the deal goes through it would be worth $15bn, the paper reported. The Kuwaiti investors are led by Al-Khorafi group, which holds 11% of Zain and whose capitalisation stands at $23.2bn.
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StaffMonday, September 07 - 2009 at 14:37 UAE local time (GMT+4)
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