Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Kuwait Fund Studies Feasibility of Zain Stake Sale, Qabas Says

Don't Miss Out —
Follow us on:

May 31 (Bloomberg) -- Kuwait Investment Authority, the country’s sovereign wealth fund, is assessing the value of Zain shares for a possible sale of its stake in the company, Al-Qabas reported, citing unidentified sources.

The wealth fund selling its 24.6 percent in Kuwait’s biggest mobile-phone company to an investor or a strategic shareholder is not ruled out, the newspaper said. Kuwait Investment Authority would auction its stake once it decides to sell, Al-Qabas reported.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.