Kuwait’s Zain sells 425.7 mln treasury shares to Omantel for KWD 225 mln
10/08/2017
Argaam
Kuwaiti Telecommunications Group (Zain) has sold 425.71 million treasury shares, or 9.84 percent of issued and paid-in capital, to Oman Telecommunications Co. (Omantel) for KWD 225 million ($745.2 million), the company said in a statement to Kuwaiti bourse.
Shares were offloaded at 600 fils/each. The share purchase was subject to regulatory approval, the statement added.
Zain operates in eight countries in the Middle East and Africa, including Saudi Arabia, Iraq and Jordan.
Market Indices
TASI
10,878.46
13.89
0.13 %
About Us
Join Us
Argaam Tools is an advanced tool that provides investors, analysts, research houses, and corporate executives with easy access to a single source for in-depth data on macroeconomy, capital market, sectors, and companies insights.
Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}