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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 discloses its financial results for the half year ended 30th June 2025
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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
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