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Zain Group appoints Mohannad Al Kharafi as Chairman, Bader Al Kharafi as Vice Chairman and CEO of the group and Scott Gegenheimer as CEO of operations; shareholders approve DPS distribution of KWD0.035

Zain Group’s [ZAIN.KW] board, during the company’s annual OGM, has appointed key executives to new roles for the coming three years including: i) Mohannad Mohammed Al Kharafi as Chairman of Zain Group; ii) Bader Nasser Al Kharafi as Vice Chairman and CEO of Zain Group; and iii) Scott Gegenheimer in a new role as CEO of operations. Moreover, the shareholders of the company have approved the distribution of KWD0.035 per share as dividend for FY16. 

Zain Group: KWD0.48 as of 12 Mar. 2017, Rating: Buy, TP: KWD0.49/share, MCap: USD6,623mn, ZAIN KK/ZAIN.KW

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