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Zain Telco Shareholder sees Etisalat Deal in Jan - ASHARQ AL-AWSAT English Archive
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KUWAIT, (Reuters) – A top executive at a major shareholder in Kuwait’s Zain said on Monday he expected a deal with UAE telecoms operator Etisalat to close by mid to end-January if there were no obstacles.

“As soon as possible,” said Bader al-Kharafi, vice chairman of Al Kharafi Group, told reporters on the sidelines of an event, when asked when the deal would be concluded.

“If there were no obstacles… God willing by mid or end-Jan, (it) will close,” he added, referring to Etisalat’s $12 billion offer to buy 46 percent of Zain.

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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