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BRIEF-Omantel says Zain's treasury shares to be auctioned on Aug 24
August 23, 2017 / 6:06 AM / 2 months ago

BRIEF-Omantel says Zain's treasury shares to be auctioned on Aug 24

Aug 23 (Reuters) - OMAN TELECOMMUNICATIONS COMPANY SAOG

* PUBLIC AUCTION OF KUWAIT ZAIN‘S 425.7 MILLION TREASURY SHARES WILL TAKE PLACE ON AUGUST 24, 2017

* TO FINANCE ACQUISITION WITH BRIDGE LOAN FACILITY WHICH WILL SUBSEQUENTLY BE TAKEN OUT THROUGH LONG TERM LOAN FACILITY OR CAPITAL MARKETS INSTRUMENT

* SAYS IF SUCCESSFUL IN AUCTION, OMANTEL WILL OWN 9.84 PERCENT SHARES IN ZAIN GROUP Source: (bit.ly/2wmiaV50) Further company coverage:

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