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Zain Telco Shareholder sees Etisalat Deal in Jan | ASHARQ AL-AWSAT English Archive 2005 -2017
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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.