A unit of Kuwait's Kharafi Group, a major shareholder in Zain (ZAIN.KW), said on Sunday that talks to complete a firm deal for the sale of a 46-percent stake in the Kuwaiti telco to Etisalat (ETEL.AD) will continue.
National Investments Co (NINV.KW) (NIC), working on behalf of its parent firm, is gathering Zain shares to tender to the Etisalat offer.
'National Investments Co states that its client Al Khair National told the company that the parties involved in the deal are continuing their talks until a clear and firm deal is completed,' NIC said in a statement on the Kuwaiti bourse website on Sunday.
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