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Nokia charging back with full force
Saudi government websites targeted
Lead manager Saudi Fransi Capital, the investment banking unit of Banque Saudi Fransi, and Rajhi Capital, part of Al-Rajhi Bank, will each underwrite 44.8 percent of the issue's 600 million shares.
June 6, 2012 11:47
Zain Saudi said its first quarter loss narrowed by 21 percent from a year earlier due to lower operating costs, in line with analyst expectations.
April 17, 2012 3:38Indebted telecoms operator Zain Saudi will ask shareholders to approve cutting its capital by 66 percent to alleviate mounting losses, it said in a statement on Wednesday.
October 27, 2011 1:12Focus of acquisitions in Middle East; Broadband growth in double digit next year
October 24, 2011 6:39Saad al-Barrak has resigned as telecoms operator Zain Saudi's chief executive, the company said on Tuesday, two weeks after a consortium withdrew plans to buy a 25-percent stake.
October 11, 2011 10:32Batelco, Kingdom sign term sheet with Zain Saudi to buy quarter-stake; Follows similar agreement with seller Kuwait's Zain in April.
July 20, 2011 10:28
Despite losses forecast in Q2 for Zain Saudi, Batelco’s deal to buy the telco firm in a $950m JV with Kingdom Holding is expected to wrap up in two months.
July 14, 2011 1:00
Saturated home markets and loss-making efforts abroad hasten nosedive for former telco monopolies while second and third entry operators shine in a data and mobile broadband playing field - Reuters
July 10, 2011 10:51
Kharafi group still seen keen on Zain stake sale; Kharafi chairman's death does not alter group's cash needs; New market rules could spur sale of smaller Zain stake
April 18, 2011 1:30Instability will force up cost of borrowing for $12 billion deal.
March 5, 2011 2:18
The Twilight Saga has been a huge literary and cinematic success; unfortunately, the same will probably not be said of the Zain Saga.
February 24, 2011 1:27Availability of having options allowed Etisalat to focus on completing their due diligence for the stake buy before the end February deadline.
February 22, 2011 10:42
Kipp is running out of things to say about this ongoing mess, so resorts to a questionable analogy. Meanwhile, some Zain board members resort to the exit.
February 20, 2011 3:01Zain rejects all offers for Saudi unit - source; Kingdom was seen as frontrunner; Kingdom says offer for Zain Saudi expired without a deal.
February 19, 2011 2:59Operating Loss Reduced by more than 58% Gross Profit increased by 132% and exceeds SR825 Million Subscribers base exceeds 8 Million .
January 21, 2011 11:38
The state plans to get tough and reduce the number of foreign residents.
May 20, 2013 5:05
Two Arabtec employees who asked not to be identified said several thousand workers engaged on various projects did not report for duty on Sunday.
May 20, 2013 9:33
Yahoo! board unanimously approves the acquisition...
May 19, 2013 3:20
An FNC member to argue that minimum wages are 'taking advantage' of employers.
May 20, 2013 4:24
Controversial views from the clothing company's CEO causes huge backlash.
May 16, 2013 2:43
