Mobile Telecommunications Company K.S.C.P. (KWSE:ZAIN) acquired additional 9.6% stake in Zain Bahrain B.S.C. (BAX:ZAINBH) from Sheikh Ahmed Bin Ali Al Khalifa for BHD 4.1 million on January 24, 2021. Under the terms of transaction, Mobile Telecommunications Company purchased 35.335 million shares at a purchase price BHD 0.115. Accordingly, the shareholding of Mobile Telecommunications increased from 54.78% to 64.38% and the shareholding of Sheikh Ahmed Bin Ali Al Khalifa decreased from 16.1% to 6.5%.

Mobile Telecommunications Company K.S.C.P. (KWSE:ZAIN) completed the acquisition of additional 9.6% stake in Zain Bahrain B.S.C. (BAX:ZAINBH) on January 24, 2021.