Etisalat funding for Zain purchase almost complete - source

13 October 2010

UAE’s Etisalat plotting acquisition of 46 per cent of Kuwait’s Zain

The funding structure for Etisalat’s $11.7bn acquisition of 46 per cent of Kuwait’s Zain is expected to be cleared by next week, Zawya Dow Jones has reported, citing a banker working on the deal. “Things are progressing well and are on the right track. We’ll know more on the financing of the deal by next week,” the National Bank of Kuwait executive told the news service.

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