Zain KSA [7030.SE] has announced the signing of a letter-of-intent with Saudi Electricity Company’s (SEC) [5110.SE] subsidiary, Dawiyat. The letter-of-intent stipulates that both companies cooperate on the following: Zain KSA will utilise Dawiyat’s fibre-optic network to offer various services The marketing of both companies’ products and services Providing new locations for Zain KSA to establish telecommunication towers and centres The use of digital infrastructure to support SEC’s utility network in particular online services   Zain KSA: SAR7.13 as of 11 October 2016, Rating: Neutral, FV: SAR6.56 per share, MCap: USD1,110mn, ZAINKSA AB / 7030.SE