Zain - Kuwait

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Recent Articles

• Zain boss named CFO of the Year at Dubai awards23 November 2009

  Sam Deeb credited with driving the firm's growth from single operator to group of 24 operators.

• Kuwait's Zain posts 52.8% drop in Q3 net profit15 November 2009

  Arab world's third largest telco hit by high financing costs, currency fluctuations.

• Zain expects $1bn shortfall on 2009 revenue target10 November 2009

  Kuwaiti mobile operator's CEO says global crisis will have impact on performance.

• BSNL to go direct to Zain if consortium talks fail6 November 2009

  Indian-led consortium aims to take a 46 percent holding in the Kuwaiti firm.

• Securities Co clients want to join Kharafi Zain sale14 October 2009

  Clients looking to sell at already agreed to price of 2 dinars per share, firm says.

• UAE bourses end on positive note11 October 2009

  UPDATE 7: Bullish comments about economic prospects lift stocks.

• Kuwait's Securities Group eyes stake in telco Zain11 October 2009

  Company studying move to buy part of all of Kuwait Investment Authority's stake.

• Econet disputes Zain ownership of Zain Nigeria7 October 2009

  UPDATE 1: S African mobile operator's claim could derail Kuwait Zain's divestment plans.

• Kuwait's Kharafi says could sell majority in Zain6 October 2009

  Group has already inked deal with Asian investors to sell 46% stake in Kuwaiti telco. 

• Consortium wants controlling stake in Zain - BSNL5 October 2009

  Chairman does not indicate what stakes consortium members are looking to take.

• India's BSNL yet to decide on Zain deal24 September 2009

  Indian telco still mulls whether to join a consortium that's buying 46% a stake in Kuwaiti co.

• India's BSNL to bid for Millicom Sri Lanka unit16 September 2009

  UPDATE 2: UAE's Etisalat said on Monday it had tabled offer for Sri Lankan assets.

• India's BSNL, MTNL doing due diligence for Zain - report12 September 2009

  Indian ambassador to Kuwait confirms development in published remarks.

• Zain CEO to stick to goals after stake sale - paper11 September 2009

  Family conglomerate Kharafi Group plans to sell a 46 percent stake in Zain.

• India's BSNL, MTNL say yet to decide on Zain deal9 September 2009

  State-run firms say in statement they are always on lookout to explore overseas opps.

• Indian, Malaysian consortium to buy Zain stake - Kharafi8 September 2009

  Group will pay KD2 a share for 46% stake in Arab world's 3rd largest telco worth $13.7bn.

• India’s Reliance denies Kuwait Zain stake link7 September 2009

  India’s second largest telco says not in talks to buy stake in Zain, or purchase African assets.

• ADIA part of Zain stake group - report7 September 2009

  Abu Dhabi Investment Authority said to be part of Asian group buying 46% stake in Kuwait telecom firm.

• Zain stocks fall amid sale talks7 September 2009

  UPDATE 7: Kuwait telecom firm shares fall 6.4%, while Dubai, Saudi close up.

• Kuwait's Zain close to 46% stake sale - report6 September 2009

  UPDATE 2: Telco said to be selling stake to Asian group in deal worth $13.7bn.

• Palestine's Wataniya Mobile sets network deadline23 August 2009

  Telco gives Sept. 15 deadline for access to frequencies, otherwise will seek compensation.

• Al Mal cuts Zain rating after Africa sale rally20 August 2009

  Current share price overestimated how much the firm could get its African assets' sale - Al Mal.

• Reliance Comm eyes Zain's Africa ops - sources18 August 2009

  India's No. 2 mobile operator in preliminary talks to buy Kuwaiti teleco's Africa ops.

• Zain shareholders to vote on ownership restrictions16 August 2009

  Lifting limits would pave the way for selling a large stake in Kuwait telecom firm.

• Zain shares hit 10-month closing high16 August 2009

  UPDATE 6: Zain surges 7.6% to boost Kuwait; UAE markets decline while Saudi rises.