Edition:
United States

Mobile Telecommunications Company KSCP (ZAIN.KW)

ZAIN.KW on Kuwait Stock Exchange

455.00KWf
21 Feb 2018
Change (% chg)

1.00 (+0.22%)
Prev Close
454.00
Open
455.00
Day's High
457.00
Day's Low
451.00
Volume
1,203,927
Avg. Vol
3,568,134
52-wk High
570.00
52-wk Low
407.00

Latest Key Developments (Source: Significant Developments)

Zain Kuwait Q4 Profit Rises
Wednesday, 7 Feb 2018 08:45am EST 

Feb 7 (Reuters) - MOBILE TELECOMMUNICATIONS COMPANY ::Q4 GROUP NET INCOME REACHED 37 MILLION DINARS REFLECTING 16 PERCENT INCREASE YOY.Q4 GROUP REVENUE 262 MILLION DINARS.BOARD PROPOSES CASH DIVIDEND OF 35 FILS PER SHARE FOR 2017.FY NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS 159.8 MILLION DINARS VERSUS 156.7 MILLION DINARS YEAR AGO.FY TOTAL OPERATING REVENUE 1.03 BILLION DINARS VERSUS 1.09 BILLION DINARS YEAR AGO.CURRENCY DEVALUATION IMPACT IN SUDAN AFFECTED BOTH ZAIN GROUP’S FULL-YEAR AND Q4 2017 FINANCIALS.AS AT END-DEC, ZAIN SERVES 46.6 MILLION CUSTOMERS, REFLECTING 1 PERCENT DECREASE YEAR-ON-YEAR.CURRENCY TRANSLATION IMPACT IN SUDAN AFFECTS GROUP 2017 NET PROFIT BY $82 MILLION.ZAIN SAUDI ARABIA RECORDS ANNUAL NET PROFIT FOR FIRST TIME SINCE INCEPTION.ZAIN IRAQ RETURNS TO PROFIT AS CUSTOMER BASE RISES 16 PERCENT.  Full Article

Zain Kuwait Sells 5.052 PCT Stake to Nohodh General Trading
Monday, 27 Nov 2017 05:41am EST 

Nov 27 (Reuters) - BOURSA KUWAIT::COMPLETES SALE OF 218.6 MILLION SHARES OF ZAIN KUWAIT FOR TOTAL VALUE OF 96.2 MILLION DINARS.ZAIN KUWAIT SELLS 218.6 MILLION SHARES OR 5.052 PERCENT STAKE TO NOHODH GENERAL TRADING & CONTRACTING DEVELOPMENT COMPANY.  Full Article

Boursa Kuwait to auction 218.62 mln shares of Zain Kuwait on Nov 27
Monday, 13 Nov 2017 04:06am EST 

Nov 13 (Reuters) - BOURSA KUWAIT::TO HOLD AUCTION FOR SALE OF 218.62 MILLION SHARES OR 5.052 PERCENT STAKE OF ZAIN KUWAIT ON NOV 27 AT INITIAL PRICE OF 440 FILS PER SHARE‍​.  Full Article

Omantel wins bid for acquisition of 522 mln shares of Zain Group
Sunday, 12 Nov 2017 01:03am EST 

Nov 12 (Reuters) - OMAN TELECOMMUNICATIONS COMPANY :WINS BID FOR ACQUISITION OF 521.975 MILLION SHARES OF ZAIN GROUP AT PRICE OF 0.781 DINAR PER SHARE‍​.SAYS HAS FINANCED DEAL WITH COMBINATION OF TERM AND BRIDGE LOAN FACILITIES, BRIDGE LOAN FACILITY WILL BE TAKEN OUT BY LONG-TERM CAPITAL MARKETS INSTRUMENTS.SAYS WHEN SHARE PURCHASE IS SETTLED ON NOV 15, OMANTEL WILL OWN, DIRECTLY AND INDIRECTLY, ABOUT 21.9 PERCENT OF TOTAL ISSUED, OUTSTANDING SHARES IN ZAIN GROUP.  Full Article

Boursa Kuwait says no new buyer participated in auction Of Zain Kuwait shares
Sunday, 12 Nov 2017 01:03am EST 

Nov 12 (Reuters) - BOURSA KUWAIT::SAYS NO NEW BUYER PARTICIPATED IN AUCTION OF 12.36 PERCENT SHARE OF ZAIN KUWAIT, SALE WILL BE IMPLEMENTED BETWEEN INITIAL BUYER AND SELLER.  Full Article

Kuwait's Zain Group Q3 profit down 6 pct
Sunday, 29 Oct 2017 12:18am EDT 

Oct 29 (Reuters) - ZAIN KUWAIT ::.  Full Article

Al-Khair National agrees to sell stake in Zain to Omantel
Thursday, 26 Oct 2017 12:32am EDT 

Oct 26 (Reuters) - AL-KHAIR NATIONAL FOR STOCKS AND REAL ESTATE::AL-KHAIR NATIONAL SAYS SIGNS DEAL TO SELL CO'S STAKE IN KUWAIT'S ZAIN TO OMANTEL.AL-KHAIR NATIONAL SAYS INITIAL PRICE FOR SHARE SALE AUCTION IS 781 FILS PER SHARE AS PER SIGNED AGREEMENT.  Full Article

Zain Kuwait says third mobile license auction in Oman cancelled
Wednesday, 18 Oct 2017 07:11am EDT 

Oct 18 (Reuters) - MOBILE TELECOMMUNICATIONS COMPANY :GETS NOTIFICATION FROM OMAN TELECOM REGULATOR THAT CURRENT AUCTION FOR THIRD MOBILE LICENSE HAS BEEN CANCELLED.  Full Article

Omantel to finance Zain shares acquisition through bridge loan
Monday, 16 Oct 2017 01:28am EDT 

Oct 16 (Reuters) - Oman Telecommunications Company Saog :UPDATES ON NON-BINDING LETTER OF INTENT (LOI) TO ACQUIRE 12 PERCENT OF ZAIN GROUP SHARES.AL KHAIR IS STILL EVALUATING OFFER RECEIVED FROM OMANTEL.IF OFFER IS RECEIVED FAVORABLY, WILL BE SUBJECT TO PUBLIC AUCTIONING PROCESS WHEREBY INTERESTED PARTIES CAN COMPETE TO ACQUIRE INTENDED STAKE OF 12 PERCENT.IF AUCTIONING PROCESS OF 12 PERCENT ZAIN SHARES CONCLUDED IN FAVOR OF CO, ACQUISITION WILL BE FINANCED THROUGH BRIDGE LOAN.BRIDGE LOAN TO FINANCE ZAIN SHARES' ACQUISITION WILL BE REPLACED BY LONG- TERM LOAN FACILITY OR CAPITAL MARKETS INSTRUMENTS.  Full Article

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

BRIEF-Zain Kuwait Q4 Profit Rises

* Q4 GROUP NET INCOME REACHED 37 MILLION DINARS REFLECTING 16 PERCENT INCREASE YOY