Comments on: Al Khair National for Stocks and Real Estate: “We’re not sad, Saad” http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/ Finance blog focusing on the Arabian Gulf region (GCC) Thu, 09 Feb 2012 01:31:23 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Lou Williams NBA Shirt http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-434387 Lou Williams NBA Shirt Thu, 09 Feb 2012 01:31:23 +0000 http://www.alphadinar.com/?p=3135#comment-434387 <strong>R U Kidding Me...</strong> ...My crazy ideas are not the same as yours...... R U Kidding Me…

…My crazy ideas are not the same as yours……

]]> By: Bo6air http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5689 Bo6air Sat, 13 Feb 2010 07:51:53 +0000 http://www.alphadinar.com/?p=3135#comment-5689 @ Sal: " 40fils div + 10% stock div".....what elese can I say but --> Milk and dilute this baby to the nose! @ Sal:
” 40fils div + 10% stock div”…..what elese can I say but –> Milk and dilute this baby to the nose!

]]> By: Sal http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5624 Sal Thu, 11 Feb 2010 11:29:21 +0000 http://www.alphadinar.com/?p=3135#comment-5624 I heard also about the CFO conspiracy plan and it actually worked out. Rumor says they're going to distribute 40fils and 10% stock. I heard also about the CFO conspiracy plan and it actually worked out. Rumor says they’re going to distribute 40fils and 10% stock.

]]> By: Bo6air http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5589 Bo6air Wed, 10 Feb 2010 15:57:51 +0000 http://www.alphadinar.com/?p=3135#comment-5589 there was no deal. who in his mind would buy a no growth company at 2 kd when the stock was trading at about 1.3 give or take? classic pump and dump by the owners!... I heard its related to the firing and re-hiring of the CFO there was no deal. who in his mind would buy a no growth company at 2 kd when the stock was trading at about 1.3 give or take?
classic pump and dump by the owners!…
I heard its related to the firing and re-hiring of the CFO

]]> By: Raad http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5448 Raad Sun, 07 Feb 2010 20:45:31 +0000 http://www.alphadinar.com/?p=3135#comment-5448 I guess its simple, Board wanted to see the deal go through, he couldn't make it happen. He is out. I guess its simple,

Board wanted to see the deal go through, he couldn’t make it happen. He is out.

]]> By: Saud http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5437 Saud Sun, 07 Feb 2010 16:56:32 +0000 http://www.alphadinar.com/?p=3135#comment-5437 I dont think so. As the CEO of the group he probably has many bonus shares, and he wouldn't be better off if he ruined a deal that offered such a high premium I dont think so. As the CEO of the group he probably has many bonus shares, and he wouldn’t be better off if he ruined a deal that offered such a high premium

]]> By: abdulateef http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5436 abdulateef Sun, 07 Feb 2010 16:30:57 +0000 http://www.alphadinar.com/?p=3135#comment-5436 I have heard that the reason for his resignation,he had influence to stop the deal. did any one heard about it ? I have heard that the reason for his resignation,he had influence to stop the deal. did any one heard about it ?

]]> By: Saud http://www.alphadinar.com/2010/02/07/al-khair-national-for-stocks-and-real-estate-were-not-sad-saad/comment-page-1/#comment-5429 Saud Sun, 07 Feb 2010 13:59:54 +0000 http://www.alphadinar.com/?p=3135#comment-5429 Clearly Mr. Al Barrak had a different strategy than the owners and I think that is the main reason for his resignation. 1) the use of half of Zain's $4.5bn rights issue at the end of 2008 to buy back shares at a significant premium to the then market price seemingly against management's wishes (management expected the funds to be available to fund further expansion and investment) 2) the running of an auction process for Zain's African assets last year at a time when management was still expressing its intention to stick to a strategic plan to become a top 10 global mobile player by 2011. 3) pressure from the board for Zain to pay a large dividend or re-commence share buy-backs at a time when several Zain operations have been somewhat starved of cash Clearly Mr. Al Barrak had a different strategy than the owners and I think that is the main reason for his resignation.

1) the use of half of Zain’s $4.5bn rights issue at the end of 2008 to buy back shares at a significant premium to the then market price seemingly against management’s wishes (management expected the funds to be available to fund further expansion and investment)

2) the running of an auction process for Zain’s African assets last year at a time when management was still expressing its intention to stick to a strategic plan to become a top 10 global mobile player by 2011.

3) pressure from the board for Zain to pay a large dividend or re-commence share buy-backs at a time when several Zain operations have been somewhat starved of cash

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