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 10:45Register for our free newsletter
Nokia charging back with full force
Saudi government websites targeted
Dubai ranked as world’s 7th most popular destination
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 10:45Loss-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 11:46Kuwait'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 2:36Increased 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