RIYADH: Zain KSA saw its shares jump 4.51 percent, after it transferred ownership of its subsidiary to the Public Investment Fund for the nominal amount of SR10,000 ($2666), renaming it The Golden Lattice Investment Co.
Zain’s shares open the week at SR12.98, as of 10:24 a.m. Saudi time.
The PIF previously joined with Prince Saud bin Fahad and Sultan Holding Co. in February to acquire an $807 million stake in Zain KSA’s tower infrastructure, a bourse filing showed.
Amid considerable uncertainty over global economic growth, the prospect of higher interest rates and long-term…
RIYADH: Eight Islamic and Arab countries on Sunday condemned Israeli plans for the removal of…
RIYADH: Companies listed across the Gulf Cooperation Council posted a record $74.8 billion in net…
The US and Iran traded retaliatory attacks on ships on Saturday, in the latest round…
Egyptian television presenter Sarah Khalifa and 11 other people have been sentenced to death by…
Human activity causes most of the wildfires breaking out across Europe, but their spread, speed…