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Omantel offers to buy another 12% of Zain from investment group

2017-10-10 11:10:00| Telecompaper Headlines

(Telecompaper) Omantel is seeking to increase its stake in Zain Group, worth around KWD 290 million, two months after purchasing a minority share in it, The National reported, citing a bourse statement. Omantel signed a non-binding letter of intent on 08 October to buy a 12.17 percent stake in Zain from Kuwait-based Al Khair National, a Kharafi Group company.  

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