Omantel $846 million acquisition of 9.84% in Zain

24/8/2017
Public acquisition

KD 255.4 million

$ 846 million

Completed

24/8/2017


Overview:

  • Omantel acquired a 9.84% stake in Zain for $846 million.
  • Omantel and Zain are telecommunications companies based in Oman and Kuwait respectively.  
  • The deal saw Omantel buy 425.7 million treasury shares in Zain, which is listed on the Kuwait Stock Exchange, for KD0.60 per share. 
  • Citigroup Global Markets acted as financial adviser to Zain, Credit Suisse acted for Omantel.

Katrin Kostadinova - Data analyst 

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work
REGISTER NOW

Sign in