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Zain: Management has Received No Official Stake Offer - ASHARQ AL-AWSAT English Archive
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KUWAIT, (Reuters) – Telecommunications firm Zain said on Wednesday its management has not received any official offers for a stake in the company.

The statement to the Kuwaiti bourse came after CNBC Arabiya said Emirates Telecommunications Corp (Etisalat) has offered to buy 46 percent of Zain.

“The group’s executive management did not receive any official offer,” the statement said.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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