The Kharafi Group, a major shareholder in Zain will accept an offer for its 12.7 percent stake in the telecom company from Etisalat, according to a Reuters report.
In a statement, Etisalat has said that no final agreement has been reached, as this offer depends on the fulfillment of specific requirements and conditions that must be met.
Etisalat is being advised by the National Bank of Kuwait and Morgan Stanley.
