Kuwaiti telecoms carrier Zain (ZAIN.KW) has appointed UBS (UBSN.VX) to sell its Zain Saudi unit, sources said on Thursday.
Zain selling its Saudi unit is a regulatory condition for Abu Dhabi group Etisalat's (ETEL.AD) $12 billion bid for a controlling stake in Zain.
Etisalat and Zain both have units in Saudi Arabia and compete for market share there.
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