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KH to finish Zain Saudi due diligence by September

Saudi Arabia's Kingdom Holding has announced that its signing agreement to finish due diligence for its joint $950m bid to acquire a quarter-stake in telecoms operator Zain Saudi by the end of this month, Reuters has reported. In March, Kuwait's Zain has agreed to sell its stake in indebted affiliate Zain Saudi to joint bidders Kingdom and Bahrain Telecommunications co (Batelco).