Etisalat Group [ETEL.AD] announced that it has successfully completed the sale of its 92.3% stake in Canar in Sudan to the Bank of Khartoum (BOK) for a total consideration of AED349.6mn. The company has secured all the necessary regulatory approvals from the Sudanese National Telecommunications Corporation and Sudanese competition authorities. Zain Group’s subsidiary in Sudan, Zain Sudan had previously shown interest in Canar; however, BOK exercised its right of first refusal and overturned the offer made by Zain Sudan. (Company disclosure)   Etisalat (AD): AED19.90 as of 08 August 2016, Rating: Neutral, FV: AED18.63 per share, MCap: USD47,157mn, ETISALAT UH / ETEL.AD Zain Group: KWD0.34 as of 08 August 2016, Rating: Buy, FV: KWD0.51 per share, MCap: USD4,827mn, ZAIN KK / ZAIN.KW