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zain-telecom-saudi

Zain, banks face struggling Saudi rights issue

Zain Saudi's $1.6 billion rights issue, which closes on Tuesday, has so far sold only 54 percent of shares available, the lead manager said on Monday.

July 17, 2012 10:45
 
Saudi Zain Telecom

Zain Saudi to repay debts with rights issue cash

Loss-making Zain Saudi , Saudi Arabia's No.3 telecoms company, launched a $1.6 billion rights issue on Tuesday to boost its balance sheet and help it fight back against rivals.

July 11, 2012 11:46
 
Kuwait telco Zain posts 2011 profit of $1.03B

Kuwait telco Zain posts 2011 profit of $1.03B

Kuwait's Zain posted a net profit of $1.03 billon in 2011, up from $1.02 billion in the previous year, the state news agency KUNA reported on Monday.

February 14, 2012 2:36
 
Riyad Capital raises Zain Saudi price target

Riyad Capital raises Zain Saudi price target

Increased optimism on successful capital restructuring will help Zain Saudi Arabia to further narrow its valuation gap with peers through 2012, Riyad Capital said and raised its price target on the telecom operator's stock by nearly 40 percent.

February 13, 2012 2:26
 
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