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Mobile Telecommunications Company KSCP (ZAIN.KW)

ZAIN.KW on Kuwait Stock Exchange

511.00KWf
23 Sep 2017
Change (% chg)

-20.00 (-3.77%)
Prev Close
531.00
Open
529.00
Day's High
529.00
Day's Low
511.00
Volume
5,635,957
Avg. Vol
3,697,548
52-wk High
545.00
52-wk Low
330.00

Latest Key Developments (Source: Significant Developments)

Bourse Kuwait says no new buyer enters Zain's stake sale auction
Thursday, 24 Aug 2017 02:32am EDT 

Aug 24 (Reuters) - BOURSE KUWAIT::SAYS NO NEW BUYER ENTERED SALE AUCTION OF 9.84 PERCENT OF ZAIN KUWAIT'S STAKE.SAYS SALE DEAL TO BE COMPLETED BETWEEN SELLER AND INITIAL BUYER AS PER EARLIER ANNOUNCEMENT.  Full Article

Omantel says Zain's treasury shares to be auctioned on Aug 24
Wednesday, 23 Aug 2017 02:01am EDT 

Aug 23 (Reuters) - OMAN TELECOMMUNICATIONS COMPANY SAOG :PUBLIC AUCTION OF KUWAIT ZAIN'S 425.7 MILLION TREASURY SHARES WILL TAKE PLACE ON AUGUST 24, 2017.TO FINANCE ACQUISITION WITH BRIDGE LOAN FACILITY WHICH WILL SUBSEQUENTLY BE TAKEN OUT THROUGH LONG TERM LOAN FACILITY OR CAPITAL MARKETS INSTRUMENT.SAYS IF SUCCESSFUL IN AUCTION, OMANTEL WILL OWN 9.84 PERCENT SHARES IN ZAIN GROUP.  Full Article

Kuwait's Zain signs deal to sell 425.7 mln treasury shares to Omantel
Thursday, 10 Aug 2017 01:01am EDT 

Aug 10 (Reuters) - MOBILE TELECOMMUNICATIONS COMPANY :SIGNS DEAL TO SELL 425.7 MILLION TREASURY SHARES TO OMANTEL AT 600 FILS PER SHARE.  Full Article

Zain Kuwait submits offer to bid for third mobile license in Sultanate Of Oman
Tuesday, 2 May 2017 12:39am EDT 

May 2 (Reuters) - Mobile Telecommunications Company Kscp :Submits an offer to bid for third mobile license in Sultanate Of Oman.Bid includes complete business plan, technical and financial plans along with financial offer for license.  Full Article

Zain Kuwait appoints Emre Gurkan as CEO for Touch Lebanon
Thursday, 6 Apr 2017 08:00am EDT 

Mobile Telecommunications Company : Appoints Emre Gurkan as CEO for Touch Lebanon Source:(http://bit.ly/2p4PcBv) Further company coverage: [ZAIN.KW] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Zain Kuwait says in final stages of sale of towers in Kuwait
Wednesday, 15 Mar 2017 12:57am EDT 

Mobile Telecommunications Co: In final stages of sale of towers in Kuwait, awaiting regulatory approval Source: (http://bit.ly/2mqRKbs) Further company coverage: [ZAIN.KW] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Kuwait's Zain enters joint venture with iflix to establish iflix Arabia
Sunday, 19 Feb 2017 02:43am EST 

Mobile Telecommunications Company : Enters joint venture with iflix to establish iflix Arabia with co holding 33 percent stake in JV Source:(http://bit.ly/2lZLbhi) Further company coverage: [ZAIN.KW] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Kuwait's Zain says Ministry of Electricity and Water awards contract worth 22 mln dinars to co
Saturday, 11 Feb 2017 11:57pm EST 

Mobile Telecommunications Company Kscp : Ministry of Electricity and Water awards contract worth 22 million dinars to co Source:(http://bit.ly/2kjgtNV) Further company coverage: [ZAIN.KW] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Zain bahrain FY profit falls
Wednesday, 1 Feb 2017 12:26am EST 

Zain Bahrain : Fy net profit 4.3 million dinars versus 5.1 million dinars year ago . FY revenue 64.6 million dinars versus 71.1 million dinars year ago Source: (http://bit.ly/2kp8gvU) Further company coverage: [ZAIN.BH] ((Bangalore.newsroom@thomsonreuters.com;)).  Full Article

Gulf Bank clarifies media reports on divestment of its 34.2 mln shares in Zain
Sunday, 25 Dec 2016 02:22am EST 

Gulf Bank KSCP : Clarifies media reports; says sold 34.2 million of its shares in Zain for 14.2 million dinars Source:(http://bit.ly/2hdIPaG) Further company coverage: [GBKK.KW] (Bengaluru Newsroom; +1 646 223 8780; ).  Full Article