Kuwait – Mubasher: Al Khair National Group has denied the news saying that Adeptio has proposed an offer to buy Kharafi Group’s stake in Zain, according to a bourse filing issued on Sunday.
Zain confirmed that no negotiations are being entered between Al Khair and the UAE consortium Adeptio.
According to the latest data on Boursa Kuwait’s website, Al Khair owns 12.17% stake in Zain.
On the stock level, Zain ended Sunday’s trading session higher with 4.3% or 20 fils to 490 fils, after 26.36 million shares were traded at a value of KWD 12.88 million.
