Saudi investment firm Kingdom Holding 4280.SE said on Sunday it has extended, for the second time, its offer to buy the Saudi telecoms asset of Kuwait-based operator Zain (ZAIN.KW) to Feb. 16.
Kingdom, owned by Saudi billionaire and Citigroup (C.N) investor Prince Alwaleed bin Talal, made a non-binding offer on Jan. 31 for Zain's 25 percent stake in Zain Saudi (7030.SE). The offer was due to expire on Feb. 13.
"The firm has agreed to extend the offer for the second time until 5 p.m. time on Wednesday, February 16 and that is according to the request of the board of Kuwait's Zain," Kingdom Holding said in a bourse statement on Sunday.
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