Zain Saudi Tumbles Most in Six Weeks After Stake Sale Abandoned
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Mobile Telecommunications Co. of Saudi Arabia, or Zain Saudi Arabia, tumbled the most in six weeks after Kingdom Holding Co. and Bahrain Telecom Co. abandoned their offer to purchase a stake.
The shares declined 2.4 percent, the largest loss since Aug. 14, to 6.10 riyals at the 3:30 p.m. close in Riyadh after trading down as much as 4.8 percent.