Zain Group’s shareholder files case against company
Mobile Telecommunications Company (Zain Group) [ZAIN.KW] announced that Nohoudh Development Trading & Contracting, which has a 5% stake in the company, has filed an expedited case against Zain Group, according to a company disclosure. Nohoudh requested the cancelation of the decisions taken in the AGM held on 28 Mar 2018. No further details were given on the case.
Zain Group: KWD0.46 as of 1 Apr. 2018, Rating: Buy, TP: KWD0.49/share, MCap: USD6,034mn, ZAIN KK/ZAIN.KW
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