Company Lookup
عربي
Download Demo
 

Market News

This Month News

This Month News

send to a friend by email

Emirate’s Etisalat tends to buy a majority stake in Kuwaiti ZAIN

2009-07-22

Dubai-Kuwait-Reuters: The CEO of the international unit that is related to Emirates Telecommunication Corporation said that it is interested in buying %51 of ZAIN on the suitable price. Jamal Al Jarwan said to Reuters in a phone interview “we are interested in ZAIN as a whole according to the appropriate values”, indicating that the two companies offer the same services in Saudi Arabia and Nigeria, and added “ we are looking forward to buy %51 from ZAIN”. Etisalat which operates in 18 countries; is one of the Gulf telecommunications’companies that had spread aboard after they had lost the service’s monopoly in their local markets.  ZAIN which is partially owned by the General Institute of Investment said on last Monday that it is still hoping for selling its African operations despite the announcement of the Media conglomerate Vivendi of stopping the negotiations of buying majority stake in the operations. Al Jarwan said yesterday that Etisalat- which is the biggest telecommunications company in the region in terms of market capitalization- is interested in the whole ZAIN group and not the African operations only, and added that the two companies offer the same services in several countries.  Al Jarwan didn’t say if Etisalat is implementing ongoing negotiations with ZAIN regarding a potential stake buy.   

 


 

2017-11-16
Al-Quds Index in the red zone amid lack of drivers

2017-11-12
Bank of Palestine opens a representative office in Chile

2017-11-09
The PEX records average PE ratio of 12.2x in 9M 2017

2017-11-08
GUI posts net income of $0.80 million in 9M 2017

2017-11-08
AIG reports net income of $1.21 million in 9M 2017

2017-11-02
A decline in Al-Quds Index with the end of the disclosures’ legal period

2017-11-01
RSR records net income of JD0.43 million in 9M 2017

2017-11-01
NSC posts net income of JD0.24 million in 9M 2017

2017-11-01
TIC records net income of $1.79 million in 9M 2017

2017-11-01
PICO reports net income of $2.16 million in 9M 2017

2017-11-01
AQARIYA records net income of JD0.40 million in 9M 2017

2017-11-01
PRICO realizes net loss of JD3.97 million in 9M 2017

2017-11-01
TRUST reports net income of $3.40 million in 9M 2017

2017-11-01
MIC posts income of $1.01 million in 9M 2017

2017-11-01
PADICO posts net income of $11.95 million in 9M 2017

2017-11-01
BOP records net income of $38.54 million in 9M 2017

2017-11-01
WASSEL records net income of $0.02 million in 9M 2017

2017-11-01
AIB reports net income of $5.83 million in 9M 2017

2017-11-01
NIC posts net income of $4.04 million in 9M 2017

2017-11-01
JPH reports net income of $1.91 million in 9M 2017

2017-11-01
JREI realizes net loss of $0.22 million in 9M 2017

2017-11-01
AHC realizes net loss of JD1.10 million in 9M 2017

2017-11-01
ELECTRODE posts net income of JD0.05 million in 9M 2017

2017-11-01
PID posts net income of JD 0.01 million in 9M 2017

 

 

 
Sahem Trading & Investments Company - PEX Member and licensed by PCMA
© All Rights Reserved 2013