Zain Saudi in talks over stake sale
Riyadh, October 28, 2010
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 shareholders' approval and the outcome of a bid by UAE's Etisalat for Kuwait-based Zain, the channel quoted the chairman, Prince Hussam bin Abdul-Aziz, as saying. -Reuters