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Zain shareholders OK windfall dividend
The Saudi Gazette Published in The Saudi Gazette on 13 - 04 - 2011


KUWAIT: Zain's shareholders Tuesday approved a $3 billion windfall payout for 2010 following the Kuwaiti telco's $9 billion sale of its African assets to India's Bharti Airtel. The 200-fils-per-share dividend will be distributed to shareholders within the next 10 days, Zain's Chairman Asaad Al-Banwan said in the meeting. Zain is also expected to announce a new board at its annual shareholder meeting Tuesday.

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