Sico bank has said that Qatar Telecom (Qtel) may seek to buy Zain Saudi Arabia, a deal which would clear a regulatory hurdle for Etisalat’s bid for parent company Zain, Reuters has reported. “Qatar Telecom could be a possible contender for taking over Zain’s Saudi operation considering its strategic ambitions to expand its operations in the Zain’s stake in Zain Saudi Arabia would be worth $925m assuming a 25% premium for a controlling stake,” the lender said.