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Kuwait telecom Zain receives $1.3 bln give for Sudan organization

Jasmine Andrade
Business
December 9, 2021
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DUBAI, Dec 9 (Reuters) – Kuwait-headquartered telecom team Zain (ZAIN.KW) stated on Thursday it has obtained a non-binding $1.3 billion offer you from Invictus Keeping Ltd for Zain Sudan and Kuwait Sudanese Holdings.

Zain’s board has agreed to complete the vital due diligence on the offer you to give its initial acceptance, it stated in a bourse filing.

Zain reported Invictus Holding Ltd was a subsidiary of Dal Group, without providing more details.

The provide does not include Zain’s South Sudan company.

Register now for Cost-free unrestricted entry to reuters.com

Reporting by Alexander Cornwell Enhancing by Jacqueline Wong

Our Requirements: The Thomson Reuters Rely on Principles.

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Jasmine Andrade

Jasmine Andrade
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February 26, 2025
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