ZAIN Group, in its extraordinary general assembly held recently at its corporate headquarters in Kuwait, approved the company's request to authorize the Board of Directors to issue bonds and sukuk not exceeding the maximum legally authorized in Kuwaiti dinars or other currencies, as well as approving the amendment of the company's capital taking into account changes to the employee stock option (ESOP). It was also approved to distribute approximately KD195 million ($685 million) in cash dividend through the Kuwait Clearing Company – reflecting 50 fils per share to shareholders. Zain is continuously updating its database of shareholders, in coordination with the Kuwait Clearing Company, with the aim of facilitating all forms of communications with all shareholders. — SG
