Zain, Kuwait's largest company by market capitalisation, will delay its listing plans until next year, Emirates Business has learned.
According to Dr Saad Hamad Al Barrak, Deputy Chairman and CEO of Zain Group, the telecommunications group is putting the listing plan on hold until a more favourable time.
"We were planning in 2009 but because of the international crisis we are putting this on hold," he said. "We are ready to be listed in London's (London Stock Exchange) GDR listing however we'll wait for a more favorable time. We hope it's within 2010, maximum."
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