KHC still in talks with Batelco for Zain stake

25/05/2011 00:00 AST

Kingdom Holding Company (KHC) and Bahrain Telecommunications (Batelco) are still in talks to acquire a quarter-percent stake in telco Zain Saudi, the two companies said in separate statements Tuesday.

Batelco joint $950 million bid for a stake in telco Zain Saudi has hit a snag over management rights, Reuters had reported Sunday.

KHC, owned by Prince Alwaleed Bin Talal, and Batelco said discussions to obtain a stake of Zain Kuwait in Zain Saudi would continue between the different parties concerned.

"Negotiations between all concerned parties are still underway and all parties are committed to starting the due diligence process and to concluding this transaction successfully," Batelco said in a statement.

Kuwaiti telco group Zain agreed to sell the 25 percent stake to Batelco and Alwaleed’s bin Talal’s Kingdom Holdings in March.


Reuters

News

Al Waleed plans Kingdom spin-off as he weighs deals

21/03/2018

Prince Al Waleed Bin Talal, just weeks after his release from detention in Riyadh’s Ritz-Carlton, is hunting for deals again and planning to reshape his investment empire.

The prince, in hi

Gulf News

Alwaleed’s Kingdom is said to revive talks for $1bn loan

18/03/2018

Kingdom Holding Co is reviving talks to raise about $1bn in loans, weeks after its chairman Prince Alwaleed bin Talal was released from detention, people familiar with the matter said.

The

Gulf Times

KHC signs smart city agreement for Jeddah project

09/03/2018

Kingdom Holding Company (KHC) has signed a smart city consulting agreement to design ICT infrastructure and smart services for Jeddah Tower and Jeddah Economic City Project on behalf of the Jeddah Ec

Arab News

Most Viewed Companies

Ticker Price Volume
SABIC 114.77 5,915,941
SAFCO 69.21 264,269
RIBL 13.83 1,519,548
GCEM.UAE 1.08 0
KFIN 518.00 3,663,381
JARIR 177.89 111,251
YANSAB 71.78 332,322

Valuation

KINGDOM Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
ATTMCO 11.41 0.08 (0.70%)
SAIC 13.67 0.04 (0.29%)
ABDICO 21.69 -0.14 (-0.65%)

Recent News

SABIC-MCC joint venture starts output

05/04/2018

SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.

Saudi Gazette

S&P affirms QIB rating at A-

05/04/2018

Standard & Poor’s (S&P) has affirmed QIB’s Issuer Credit Rating at A-, Qatar’s leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB’s rating

Gulf Times

Qatar National Bank seeks growth in Southeast Asia

05/04/2018

Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told

The Peninsula

Doha Bank’s third Indian branch opens today

04/04/2018

Doha Bank has announced the official inauguration of its Chennai Branch, in the southern Indian state, will be held today. This is Doha Bank’s third city in India after its successful establishment o

The Peninsula

SHUAA to act as liquidity provider to Bank of Sharjah

04/04/2018

Bank of Sharjah said it has engaged SHUAA Capital International as liquidity providers for its shares and will commence the activity from April 4. SHUAA Capital International shall not hold more than

Gulf News

logo

Financial Information Co.

P.O. Box 69410, Riyadh 11547, Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2024, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap