Kingdom Holding Co. — M&A Activity 2011

May 24, 2011

Kingdom Holding Company announces that the Consortiums Negotiations for the acquisition of stake of Zain Kuwait in Zain Saudi is still underway

4280 · 24/05/2011 08:06:33 · Announcement #21830 · View on Saudi Exchange

Kingdom Holding Company announces that the Consortiums Negotiations for the acquisition of stake of Zain Kuwait in Zain Saudi is still underway

Further to the companys announcements on the Tadawul website on 09/04/2011.

Kingdom Holding Company (KHC) and Bahrain Telecommunication Company (BATELCO) announce that the Consortiums Negotiations for the acquisition of stake of Zain Kuwait in Zain Saudi is still underway and all parties are committed to starting the due diligence process and to concluding this transaction successfully. Both KHC and Batelco will keep their respective shareholders and regulators informed of any material development.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.