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Sovereign Wealth Funds Briefing - Categorized | Financials, Investment

Kuwait sovereign wealth fund didn’t get offer for Zain stake

Posted on 11 October 2010

From Bloomberg: Kuwait’s sovereign wealth fund did not receive an offer for its stake in Mobile Telecommunications Co., known as Zain, Managing Director Bader al-Saad said in remarks to Al Arabiya television.

Al-Saad said the fund supports the possible deal in which Emirates Telecommunications Corp., known as Estisalt, offered to buy 46% of Zain and said the deal would be a boost to the Kuwaiti stock market…………………………………….Full Article: Source


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