Saudi Fransi Capital outlines progress on Zain KSA’s Rights Issue

Saudi Fransi Capital, the lead manager of Mobile Telecommunications Company Saudi Arabia’s (Zain KSA) planned capital restructuring reports that following receipt of the required approvals from the Capital Market Authority (CMA) and Ministry of Commerce and Industry, the date for the Extraordinary General Meeting (EGM) for the shareholders of Zain KSA to approve a proposed capital reduction and capital increase by way of the Rights has been confirmed as 25 June 2012. Saudi Fransi Capital and Al Rajhi Capital are financial advisers to the Capital Restructuring process.

This content is available to registered users only.
Please click here to register/login.

Features & Analyses

Economics IMF updates on Iraq economy

Recent macroeconomic developments have been broadly positive in Iraq. Economic growth in Iraq reached 8.4 per cent in 2012 and… read more

Islamic Finance Barclays upbeat about Qatari banking sector
Investments Global accountants stick to plans for leases on balance sheets
Investment Banking Obligations and responsibilities of investment managers under draft SCA…
SME Finance Family businesses at the forefront of Middle East’s growth
see all archive