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FINANCIAL NEWS
Kuwait’s Zain to buy Etisalat’s 92.3 pct share in Sudan’s Canar
02 May 2016
(MENAFN) Kuwaiti telecom firm Zain confirmed to buy Abu Dhabi- Etisalat’s 92.3 percent share in Sudanese line operator Canar for USD 95.2mn.
Additionally, the deal will increase Zain’s grip on Sudan’s telecom sector, which is already the top mobile operator by subscribers.
Moreover, Sudan accounted for 19 percent of Zain’s revenue and 26 percent of its subscribers in 2015.
Zain Sudan, which launched 4G services last month, posted a 77 percent grow in 2015 profit to USD 0.17bn.
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
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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
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