Kuwait Investment Authority mulls Zain stake sale, says paper

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Kuwait Investment Authority (KIA), the Gulf state's sovereign wealth fund, could consider selling its stake in mobile operator Zain if the price is right, newspaper al-Rai said on Monday.

KIA, which owns a 24.61% stake in Zain, has not received any offers from Etisalat, to date, the paper added.

"The KIA has no objection to discussing any offer to buy its stake in Zain whether made by the UAE's Etisalat or others under the condition that the offer would be serious and with attractive returns," daily Rai said, citing unnamed sources.