01 Jun 2010
(MENAFN) The Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, said in a statement that it may sell its 24.6 percent stake in telecoms firm Zain, AP reported.
However, the fund denied that it sought help to evaluaute the fair price of Zain shares, and said it would be transparent about any possible intention to sell.
Daily al Qabas, citing unidentified sources, said KIA has asked several investment firms to conduct technical studies on Zain group and the fair price of its shares.
The fund would then consider options to either sell its stake to a strategic investor or through an auction. KIA’s stake is currently worth about $4.5 billion, the paper said.
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
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
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more