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.   

 


 

2017-07-20
High liquidity level raises the market's trading volume this week

2017-07-18
PICO approves raising the paid-capital to $6 million

2017-07-18
TIC approves raising the paid-capital to $10.00 million

2017-07-13
Active Trading with the increase of semi-annual financial data anticipation

2017-07-12
LADAEN restructures itself and establishes a new company

2017-07-06
Al-Quds Index breaks through new psychological level and gains 2.99% in this week

 

 

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