Kingdom extends Zain offer

Saudi-based Kingdom Holding has extended, for the second time, its offer to buy the Saudi telecoms asset of Kuwait-based operator Zain to February 16, Reuters has reported. The firm has agreed to extend the offer for the second time until 5 pm time on Wednesday, February 16 and that is according to the request of the board of Kuwait s Zain, Kingdom Holding said in a statement. Kingdom Holding, owned by prince Alwaleed bin Talal, made a non-binding offer on January 31 for Zain s 25% stake in Zain Saudi.