News: Mobile Telecommunications Co KSC (ZAIN.KW)
25 Dec 2014
Tue, Dec 2 2014
* Zain Saudi says only owes around 13 mln riyals, rejects claim (Adds Zain Saudi CEO quotes, details)
DUBAI, Dec 2 - Saudi Arabia's second-biggest telecom operator Mobily has asked for arbitration about money it claims it is owed by smaller rival Zain Saudi , Mobily said on Tuesday.
DUBAI, Dec 1 - Most Gulf stock markets declined further on Monday, albeit at a much slower pace than a day earlier, as investors responded to attempted rebounds with renewed selling.
DUBAI, Nov 27 - Zain Saudi, the Saudi Arabian telecoms operator, has proposed a capital reduction to shareholders to eliminate all accumulated losses up to Sept. 30, the company said in a statement on the kingdom's bourse.
* Q3 revenue 294 mln dinars vs 313 mln dinars a yr ago (Adds details)
DUBAI, Oct 28 - Telecom operator Zain Saudi reported a narrowing third-quarter loss on Tuesday, roughly in line with analyst forecasts as margins improved, provisions fell and Internet usage increased.
DUBAI, Oct 23 - The Kuwait Stock Exchange cancelled all trades in the shares of Kuwait Investment Co and Zain that had taken place on Thursday before it suspended the stocks at mid-session, it said in a statement.
* Savola rises after Americana indicates ownership may change
* Subscription during Sept 2-16 (Adds details, background, analyst comment)
DUBAI, July 16 - Telecom operator Zain Saudi reported a narrowing second-quarter loss on Wednesday, although the reduction was slightly below the forecast of analysts.