Mubasher: Boursa Kuwait announced that the procedures set for selling about 281.62 million of Mobile Telecommunications’ (Zain) shares have been completed.

The stake was sold for 440 fils per share at a total value of KWD 96.19 million, according to a bourse statement issued on Monday.

The stake was sold to Nohoud Development for Public Trading and Contracting, while both the purchaser and seller were represented by Securities Group.

At the stock level, Zain closed Monday’s session 0.22% lower at 445 fils after 6.62 million shares were traded at a total value of nearly KWD 3 million.