Kuwait Fund Studies Feasibility of Zain Stake Sale, Qabas Says

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