Etisalat offers Kharafi 1.7 dinar/shr for Zain-source
Etisalat said on Wednesday it had submitted a preliminary conditional offer to buy a stake in Zain.
September 30, 2010 9:30 by Reuters
Emirates Telecommunications Corp(Etisalat) has offered major shareholder the Kharafi Group 1.7 dinars ($5.97) per share for its stake in Kuwaiti telco Zain , a source close to the deal told Reuters.
The source, who declined to be named, was speaking after Etisalat said on Wednesday it had submitted a preliminary conditional offer to buy a stake in Zain.
(Reporting by Diana Elias; editing by Firouz Sedarat)
More on GCC
-
NCoV – First report of patient-to-nurse spread
-
Saudi regulations target stock market speculators
-
Dubai’s Arqaam Capital Eyes South Africa, Saudi Expansion
-
U.S. Targets Two UAE Firms For Dealing With Blacklisted Iran Banks
-
Airbus officially picked by Kuwait Airways
-
GMR reveals top 50 Mena Corporate Brands
-
Kuwait Airways to sign $3 billion-plus Airbus deal
-
Abu Dhabi Tourism Company Loss Widens
-
Emirates Airline reaps expansion profits
-
Saudi Arabia has 13 cases of SARS-like Coronavirus – WHO
-
UAE Central Bank Shuts Two Money Exchange Firms For Violations
-
Emal plans further expansion
-
Dubai looking at alternatives to repay debt
-
Two more die in Saudi Arabia from SARS-like virus – WHO
-
Alwaleed’s Kingdom on the prowl
-
Qatar Airways now looks to Airbus
-
World’s Longest-Range Passenger Jet
-
Abu Dhabi says financial zone will bridge a gap
-
Five dead from new SARS-like virus in Saudi
-
Emaar boss says “flipping” needs to be controlled
Lately on Kipp
-
A major step for Turkey
-
Dusting off the Emirates ID card
-
Turkish Airlines Can Ride Out Turbulence
-
Taking on Abercrombie & Fitch
-
Red Hat Expands Technical Account Management Services to Offer SAP® Solution-centric Support
-
R&M’s New CSR Report Highlights Company’s Achievements in Advancing Ecological Efficiency and Social Accountability
