Kingdom Holding Co. — Capital/Financing Update 2011

Sep 10, 2011

KHC announces that the Consortium to purchase Zain Kuwaits stake in Zain Saudi Arabia anticipates completing due diligence by the end of September 2011

4280 · 10/09/2011 10:01:42 · Announcement #22654 · View on Saudi Exchange

KHC announces that the Consortium to purchase Zain Kuwaits stake in Zain Saudi Arabia anticipates completing due diligence by the end of September 2011

KHC announces that the Consortium to purchase Zain Kuwaits stake in Zain Saudi Arabia anticipates completing due diligence by the end of September 2011. The Consortium intends to move to complete its proposed acquisition of Zain Saudi based on term sheets signed in April and July of 2011 with Zain Group and Zain Saudi Arabia respectively, as soon as all outstanding conditions are satisfactorily negotiated with all parties concerned.

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