Kuwait Zain receives third offer for Saudi stake

Kuwait-based operator Zain has received a third offer from an investment consortium led by Al Riyadh Group to buy the firm Saudi assets, Arabic Al-Qabas has reported, citing an unnamed source. Zain takes any offer it receives into consideration, as it is clearly interested in selling the stake, the source was quoted as saying. Saudi investment firm Kingdom Holding and Bahrain Batelco have each already made offers for the 25% stake in Zain Saudi, valued at around $741m.