Trade in Zain shares halted for payout

KUWAIT, May 30, (RTRS): Trading in the shares of Zain will be halted until the telecommunications firm completes the distribution of its 2009 cash dividend, according to a statement on the Kuwaiti bourse on Sunday. On Thursday, Zain’s shareholders approved a cash dividend of 170 fils per share, which excludes distribution from the sale of some of Zain’s African units to Bharti. There are 1,000 fils to the dinar.

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