- KUWAIT CITY: Alternative options have emerged for the sale of Kuwaiti telecoms carrier Zain’s Saudi unit, a local newspaper said on Tuesday citing sources which it did not identify.
A proposed $12 billion takeover of Zain by Etisalat depends on the sale of the assets in Zain Saudi, valued at $750 million, due to regulatory requirements. Availability of having options allowed Etisalat to focus on completing their due diligence for the stake buy before the end February deadline, the paper said.