Tuesday, July 24, 2012

Kuwait's Zain ups stake in Saudi unit to 37%

Zain has raised its stake in loss-making unit Zain Saudi, the Kuwaiti telecoms operator said on Tuesday, oversubscribing to the affiliate's $1.6bn rights issue following a tepid response from other shareholders.

http://www.arabianbusiness.com/kuwait-s-zain-ups-stake-in-saudi-unit-37--467229.html

No comments:

Post a Comment