Kuwait-Mubasher: NBK Capital has set the fair value of Kuwait Telecommunication Company (Viva) at KWD 1.080, with a ‘Buy’ recommendation on the stock, according to a statement issued by NBK Capital’s research unit.
Viva earlier noted that it denied the news spread in local newspapers about its approval of Saudi Telecom Company’s (STC) acquisition offer, according to a filing published on Kuwait Stock Exchange.
“The company is still waiting for the Capital Markets Authority (CMA) to approve the acquisition request submitted by STC,” according to NBK Capital’s statement.
NBK Capital clarified that Viva’s board has not yet held a meeting to discuss the acquisition request by STC.
