Monday 6 December 2010

Securities Group wants to join Zain-Etisalat deal | Reuters

Securities Group Co (SGCK.KW), a brokerage firm that has opposed the structure of deal to sell 46 percent of Kuwaiti telecom group Zain (ZAIN.KW) to Etisalat (ETEL.AD) now wants to join the deal, a newspaper reported on Monday.

Al-Qabas daily said, without citing sources, that Securities Group has 'informed the selling consortium ... it wants to join with shares owned by its clients.'

Securities Group chairman, Ali al-Mousa, confirmed the report to Reuters on Monday, but declined to provide any details.

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