Mubasher: Mobile Telecommunications (Zain) will hold its ordinary general meeting (OGM) on 12 February after Securities Group requested to hold this meeting on its behalf and a number of its clients in addition to some of shareholders in Zain with an ownership equity above 10% of capital.

Securities Group noted that the board meeting of Zain will discuss an article regarding the sale transaction executed on the treasury shares, Al Arabiya said, according to a recent statement.

Al Arabiya said that official sources in Zain said that the board is ready for the meeting on Monday.

Late August 2017, Omantel has purchased treasury shares in Zain for 600 fils per share of a total of KWD 225 million ($845 million).