We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Zain verdict not seen halting unit stake sale

A court ruling against Kuwait's Zain will not derail a $950 million deal to sell its quarter-stake in affiliate Zain Saudi , the chief executive of joint bidder Bahrain Telecommunications (Batelco) said on Monday.


September 27, 2011 1:05 by

Peter Kaliaropoulos told Reuters he was awaiting clarification from Zain on any implications from Sunday’s court ruling.

The court ruled that Zain’s April annual shareholders meeting was invalid, upholding a case brought by a former board member who opposed the election process.

“The court case was in Kuwait, not Saudi Arabia,” said Kaliaropoulos. “If it was detrimental, we would have heard straight away. I can only judge that because we haven’t heard at this point in time, it’s not a material impact.”

In March, Batelco and joint bidder Kingdom Holding agreed to buy the stake in indebted telecoms operator Zain Saudi, with the bidders poised to get management control.

Kaliaropoulos reiterated that he expected due diligence on the deal to be completed by the end of September. (Reporting by Matt Smith; Editing by Firouz Sedarat)


Tags: , , , , , ,

Leave a Comment