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Kingdom Batelco Consortium Statement Regarding Zain KSA Deal

Kingdom Batelco Consortium Statement Regarding Zain KSA Deal

Manama, Bahrain: The Kingdom Batelco Consortium announced today that it will not proceed with making a binding offer to acquire Zain Group's 25% stake in Zain KSA.

This follows a period of due diligence and discussions with Zain Group and other stakeholders.

The Consortium concluded that the terms and conditions as set out in its non binding offer could not be met to its satisfaction.

Kingdom Holding Company and Batelco Group stated that this decision is in the best interest of their respective shareholders

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