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Zain Saudi

Saudi Zain Telecom

Five banks to underwrite $1.6 billion Zain Saudi share issue

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 Q1 Net Loss Narrows By 21 Percent

Zain Saudi Q1 Net Loss Narrows By 21 Percent

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 3:38
 

Zain Saudi seek 65 pct capital cut as losses mount

Indebted 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 1:12
 

Saudi Telecom plans acquisition in 2012

Focus of acquisitions in Middle East; Broadband growth in double digit next year

October 24, 2011 6:39
 

Zain Saudi replaces CEO Al Barrak

Saad 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 10:32
 

Batelco, Kingdom sign term sheet with Zain Saudi

Batelco, 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
 
Zain Saudi deal could be completed in eight weeks -Batelco CEO

Zain Saudi deal could be completed in eight weeks -Batelco CEO

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
 
Out with the old, in with the new: Incumbent telcos slump at the sight competition

Out with the old, in with the new: Incumbent telcos slump at the sight competition

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
 
The Show Must Go On: Zain stays on sale

The Show Must Go On: Zain stays on sale

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 1:30
 

Etisalat likely to pay more for Zain loan financing

Instability will force up cost of borrowing for $12 billion deal.

March 5, 2011 2:18
 
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