Saudi firm Kingdom Holding and Bahrain's Batelco are still in talks to acquire a quarter-percent stake in telco Zain Saudi, the two companies said in separate statements on Tuesday.
Batelco joint $950 million bid for a stake in Zain Sa
Zain Saudi Arabia, the country's third mobile operator, signed a two-year refinancing agreement worth 2.25 billion riyals ($600 million) to help its capital projects and meet previous obligations.
The firm signed the Isl
Zain Saudi is in talks with unnamed investors interested in buying Kuwaiti Zain's 25 percent stake in the telecom firm, Al Arabiya television quoted the chairman of Zain Saudi as saying.
The sale would depend on sh
Zain Saudi Arabia, the kingdom's newest mobile phone operator, said on Saturday it is in talks with creditors after it did not honour some commitments last year linked to a two-year $2.5-billion murabaha loan.
The creditors pardoned th
Mobile phone operator Zain Saudi Arabia said on Wednesday its top executive will step down less than a year after it started operations, to be replaced by the head of its Kuwaiti parent company.
Marwan Al-Ahmadi will step down as chief exe
Zain Saudi Arabia said it will launch commercial services in the Kingdom of Saudi Arabiais on Tuesday (August 26).
With the launch, the Kingdom joins and connects to ‘One Network’, Zain's mobile service covering more than 45 milli
Zain Saudi Arabia is due to begin operating the kingdom's third mobile phone network next month as it seeks to tap business during Ramadan, a company official said.
"We have fixed a final date to start operations, which is August 15. We wa