Kuwait's KIA mulls Zain offer as 'good'

Kuwait's sovereign wealth fund considers the price offered to fellow shareholders for a stake in mobile telecom firm Zain as "good", the fund's managing director said in remarks aired on Monday.

Bader al-Saad said the Kuwait Investment Authority was not part of the negotiations between other shareholders and the potential buyers, but said the fund would look into selling its stake at the right price.

"We are not married to our investments. Whenever there is a good return on them, they are for sale," Badr told Al Arabiya television, adding that 2 dinars ($6.98) was a "good price".