Saudi billionaire Prince Alwaleed bin Talal is considering buying a controlling stake in Kuwaiti telecom firm Zain (ZAIN.KW: Quote) at a price of 1.7 dinars ($6.12) per share, a newspaper reported on Sunday.
"Saudi businessman Alwaleed bin Talal is currently considering to submit an offer to buy a controlling stake in Zain," Kuwaiti daily newspaper al-Seyassah said in an unsourced report.
Last week, Prince Alwaleed said that his firm, Kingdom Holding 4280.SE was still in talks with Zain to buy the telecom firm's Saudi assets.
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