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Kharafi appeals for Zain share sales
- Kuwait: Thursday, September 17 - 2009 at 12:23
Kuwait-based Kharafi Group, which had signed a deal with an Asian consortium last week to sell its stake in telecoms firm Zain, has appealed to other shareholders to join the deal, Reuters has reported. National Investments Co, a firm owned by the Kuwaiti conglomerate has urged shareholders who own less than 300,000 shares in Zain as of September 6 to join the offer. 'We hope that these procedures would reflect how keen the head of al-Khair Group is to achieve and protect the interests of small investors and give them priority,' the company said in the advertisement yesterday.
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StaffThursday, September 17 - 2009 at 12:23 UAE local time (GMT+4)
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