Zain Deal Falls Through: What Now For Zain Saudi Arabia?

The purchase of a 25% stake in Zain Saudi Arabia has failed to materialise, with the consortium of bidders pulling out as proposed terms were not met. The sale of the unit, part of Kuwait's Zain Group, was initialised after the UAE's Etisalat announced it wanted to acquire Zain. Bahrain incumbent Batelco and Saudi private investment vehicle Kingdom Holdings offered US$950mn for the stake. Etisalat, which already had operations in Saudi Arabia, eventually abandoned its plans in March 2011. CFW takes a look at what the future holds for the company.

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