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FINANCIAL NEWS
Bharti to buy Zain’s African assets for $10.7b
15 Feb 2010
(MENAFN) Kuiwaiti telecom group Zain announced its consent to offload its African assets to India’s Bharti Airtel, for $10.7 billion, KUNA reported.
Under the agreement, the Indian telecom firm will pay Zain $10 billion by mid-April, and the remaining amount of $700 million will be paid before the end of this year, CNBC Arabia reported.
Zain, the third-biggest telecoms operator in the Middle East, is marking one of the biggest cross-border transactions in the region in years.
Analysts expect that Zain would pay a special dividend to shareholders from the proceeds of this deal.
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BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
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HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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