CMA approves Zain’s capital restructuring

Mobile Telecommunications Company Saudi Arabia, or Zain KSA, on Sunday announced the approval of its proposed capital restructuring.

By Compiled From Staff Reports

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Published: Mon 28 May 2012, 12:39 PM

Last updated: Tue 7 Apr 2015, 11:34 AM

The approval by the Capital Market Authority, or CMA, follows the decision by Zain KSA’s board of directors to seek approval for a reduction of its capital followed by a SR6 billion rights issue.

The capital reduction will result in Zain KSA’s paid-up capital being reduced from SR14 billion to SR4.801 billion. The Zain KSA paid-up capital will be subsequently increased.


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