Further to the companys announcement on the Tadawul website on 31/01/2011 regarding the non-binding offer and a preliminary expression of interest to acquire Zains Kuwait stake in Mobile Telecommunications Company Saudi Arabia J.S.C. (Zain KSA) on 31/01/2011; and the amendment announcements on the Tadawul website on the 6th and on the 13th of February, to extend the offer and announces consent to the period ending 17:00 Riyadh Time on Wednesday, 16/02/2011. Kingdom Holding Company (KHC) announced today that the Zain board has not responded, therefore the offer has expired and no agreement has been reached.
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