Batelco talks to banks over Zain but questions remain

Bahrain Telecommunications Company (Batelco) and Saudi Arabian investment company Kingdom Holding have signed a non-binding term sheet with Kuwaiti telecoms company Zain. The agreement outlines the terms for the purchase of Zain’s 25% stake in Zain Saudi Arabia and is in line with an offer made in March.

  • 08 Apr 2011

The bidders offered $950m for the stake and will not take on Zain Saudi’s debt, which totals more than $3bn.

Zain considered selling its stake in the Saudi mobile operator because the regulator demanded the sale as a condition of Abu Dhabi-based Etisalat’s bid for a 46% stake in ...

Please take a trial or subscribe to access this content.

Contact Mark Goodes to discuss your access:

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: or find out more online here.

GlobalCapital European securitization league table

Rank Lead Manager/Arranger Share % by Volume
1 Societe Generale 16.10
2 Rabobank 15.11
3 Barclays 9.42
4 Credit Agricole 7.93
5 Morgan Stanley 7.46

Bookrunners of Global Structured Finance

Rank Lead Manager Amount $m No of issues Share %
  • Last updated
  • 27 Feb 2017
1 Wells Fargo Securities 11,897.40 33 11.83%
2 Bank of America Merrill Lynch 9,837.56 29 9.78%
3 Citi 9,714.54 32 9.66%
4 JPMorgan 7,997.38 24 7.95%
5 Credit Suisse 6,335.67 14 6.30%