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(Corrects name of company in headline and story.)
Abu Dhabi Investment House has taken a 2.14 percent stake in Mobile Telecommunications of Saudi Arabia, known as Zain Saudi (ZAINKSA), Argaam reported, citing a prospectus on the restructuring of the company’s capital.
The shares were transferred last month to Abu Dhabi Investment House from Rakisa Holding based on a ruling by the general public complaints office, the news portal said. Abu Dhabi Investment House’s stake is equivalent to 30 million shares, the newspaper said.
Kuwait-based Zain Group said it had no comment on the report when contacted by Bloomberg News today.
To contact the reporter on this story: Fiona MacDonald in Kuwait at firstname.lastname@example.org
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