Kingdom Holding Company (KHC) jointly with Bahrain's Batelco Group announced today Sunday 13/03/2011 that they have sent to the Board of Directors of Mobile Telecommunications Company (Zain Kuwait) a non-binding offer and a preliminary expression of interest to acquire Zains stake in Mobile Telecommunications Company Saudi Arabia J.S.C. (Zain Saudi), and the expression of interest shall be valid until 09:00 AM Riyadh time on March 14, 2011. Shareholders of Zain, Zain KSA, Batelco Group and KHC will be informed of any further material developments on a timely basis.
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