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Omantel buys 10% stake in Zain for USD 846 million

2017-08-10 12:30:00| Telecompaper Headlines

(Telecompaper) Omantel has agreed to buy a 9.84 percent stake in the Middle East mobile operator Zain for USD 846.1 million. Omantel will buy 425.7 million treasury shares from Zain for KWD 0.60 per share, a significant premium to the KWD 0.45 closing price the day before the announcement. 

Tags: million usd buys stake

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