Alpha Dinar- talking Gulf finance » Zain Acquisition http://www.alphadinar.com Finance blog focusing on the Arabian Gulf region (GCC) Mon, 16 Jan 2012 15:55:53 +0000 http://wordpress.org/?v=2.9.1 en hourly 1 Zain Minority Shareholders: You Can Still Participate in the Deal http://www.alphadinar.com/2009/09/16/zain-minority-shareholders-you-still-can-participate-in-the-deal/ http://www.alphadinar.com/2009/09/16/zain-minority-shareholders-you-still-can-participate-in-the-deal/#comments Wed, 16 Sep 2009 17:10:58 +0000 Saud http://www.alphadinar.com/?p=2154 zain-wonderful-world10

The Kuwait Clearing Company has agreed to assist NIC in collecting the 46% stake of Zain’s shares. The agreement also states that the Clearing Company will open its doors and receive requests from shareholders interested in participating in the deal.

Shareholders who can benefit from that arrangement:

- Shareholders who own less than 300,000 shares (that includes over 10,000 shareholder)

- Shares held before 6/9/2009

The shares will be placed in NIC’s portfolios and shareholders have to sign an agreement that prevents them from taking legal action in case the deal doesn’t go through. The Kuwait Clearing Company will accept request until three weeks after Eid.

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