je.st
news
Tag: omantel
Omantel closes Zain buy
2017-11-13 01:00:00| Total Telecom industry news
Omantel is now Zain's second-largest shareholder having completed the acquisition of an additional stake in the company. The Omani incumbent announced in late October that it would purchase a 12…read more on TotalTele.com »
Omantel to become Zain's second-largest shareholder
2017-10-27 02:00:00| Total Telecom industry news
Omantel has offered to acquire an additional 12.1% stake in Zain a move that will make it the Kuwait-based telco group's second-largest shareholder. Under the terms of the deal…read more on TotalTele.com »
Tags: shareholder
omantel
secondlargest
Omantel signs deal to buy 12.1% of Zain Group for USD 1.35 bln
2017-10-26 10:45:00| Telecompaper Headlines
(Telecompaper) Omantel said it has signed an agreement with Al Khair National for Stocks & Real Estate Company, Kuwaiti British Readymix Company and Gulf National Holding Company to purchase 521.97 million ordinary shares in Zain Group, or 12.1 percent of the total fully paid and issued share capital, for a total cash consideration of USD 1.35 billion at an offer price of KWD 0.781 per share.
Omantel offers to buy another 12% of Zain from investment group
2017-10-10 11:10:00| Telecompaper Headlines
(Telecompaper) Omantel is seeking to increase its stake in Zain Group, worth around KWD 290 million, two months after purchasing a minority share in it, The National reported, citing a bourse statement. Omantel signed a non-binding letter of intent on 08 October to buy a 12.17 percent stake in Zain from Kuwait-based Al Khair National, a Kharafi Group company.
Tags: group
buy
offers
investment
Omantel makes another offer for Zain shares
2017-10-09 02:00:00| Total Telecom industry news
Omantel has made an offer for a 12% stake in Zain, less than two months after it bought close to 10% of the Kuwait-based telco…read more on TotalTele.com »