The Kuwaiti bourse on Thursday halted trading in shares of telecoms firm Zain (ZAIN.KW) pending clarification of reports in local newspapers.
Kuwaiti newspapers carried reports on Thursday about developments on the sale of Zain's Saudi assets.
The reports said Zain had signed a term sheet agreement to sell its 25-percent stake in Zain Saudi 7030.SE to Kingdom Holding 4280.SE and Bahrain Telecommunications BTEL.BH as part of a previously announced deal.
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