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25-Dec-2016

Gulf Bank sells 34.2mn shares of Zain Group at KWD0.415/share

Gulf Bank has sold 34.2mn shares of Zain Group [ZAIN.KW] at KWD0.415/share (Thursday’s closing price) which implies a total of KWD14.2mn. The number of shares implies 0.9% of Zain Group’s total number of shares. (Bloomberg)   Zain Group: KWD0.42 as of 22 December 2016, Rating: Buy, TP: KWD0.49 per share, MCap: USD5,787 million, ZAIN KK / ZAIN.KW

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