Wednesday, February 17, 2010

Zain to use money from asset sale to pay debt

[ame] Asaad al-Banwan, Chairman of Zain Group, has said that proceeds from the deal to sell the firm's African assets excluding Sudan and Morocco will be used to pay back the group's debt, Reuters has reported. Zain will also distribute cash dividends to the shareholders from the proceeds of the deal, he added.

Zain to use money from asset sale to pay debt

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