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Zain stake sale completion may be delayed

09 January 2010

The company involved in handling the sale of a 46% stake sale in Kuwait's Zain has said the deal may take longer than the time scheduled, Bloomberg has reported. "Due to recent developments in financial and economic conditions in the region, procedures to complete the sale deal may take longer than the time previously planned for it, however it is still on," National Investments Co. said in a statement.

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