Kuwait investment fund contemplates Zain stake sale

01 June 2010

Kuwait Investment Authority is assessing the value of Zain shares for a possible sale of its stake in the telecoms company, Arabic daily Al-Qabas has reported, citing unidentified sources. The wealth fund has not ruled out selling its 24.6% in the country's biggest mobile-phone company to an investor or a strategic shareholder, the newspaper said. The authority would auction its stake if it decides to sell, according to the newspaper.

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