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Omantel signs deal to buy 12.1% of Zain Group for USD 1.35 bln

2017-10-26 10:45:00| Telecompaper Headlines

(Telecompaper) Omantel said it has signed an agreement with Al Khair National for Stocks & Real Estate Company, Kuwaiti British Readymix Company and Gulf National Holding Company to purchase 521.97 million ordinary shares in Zain Group, or 12.1 percent of the total fully paid and issued share capital, for a total cash consideration of USD 1.35 billion at an offer price of KWD 0.781 per share.

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