It reinforces the Corporate’s long-term technique of useful diversification and sustainable expansion throughout high-value undertaking verticals, additional strengthening its footprint around the Kingdom’s all of a sudden increasing generation and answers panorama.
Zain Bahrain B.S.C., a number one Bahraini supplier of leading edge applied sciences and virtual way of life revel in, has entered a Percentage Acquire Settlement (“SPA”) with Bahrain-headquartered Infonas W.L.L. , some of the GCC’s main generation and telecommunications answers suppliers, for the purchase of 100% of its issued proportion capital (the “Transaction”).
This acquisition, which aligns with Zain’s ‘4WARD – Progress with Purpose’ technique, represents a transformative milestone in Zain Bahrain’s adventure to reaffirm its place as a dynamic virtual spouse for presidency, company, and global companions. It reinforces the Corporate’s long-term technique of useful diversification and sustainable expansion throughout high-value undertaking verticals, additional strengthening its footprint around the Kingdom’s all of a sudden increasing generation and answers panorama.
“This acquisition is in line with our strategy, which forms part of our contribution towards achieving Bahrain’s digital positioning and aims to confirm the Kingdom as a leading telecommunications hub. This shareholder value creation milestone will unlock new opportunities and reinforce our B2B growth strategy, accelerate our expansion in the enterprise segment, and expand our international reach. The acquisition enhances our ability to deliver integrated connectivity and digital infrastructure solutions, strengthening our competitiveness while supporting Bahrain’s broader digital ambitions through secure, innovative, and scalable technologies.”
– H.E. Shaikh Ahmed bin Ali Al Khalifa, Chairman, Zain Bahrain
“Infonas is proud to embark on this new chapter with Zain Bahrain. Over the past two decades, Infonas has built a strong reputation for delivering reliable telecommunications solutions that help organizations operate securely and efficiently. This partnership will enable Infonas to scale its capabilities, leverage advanced infrastructure, and unlock new growth opportunities for its customers, while continuing to deliver the high standards of service and innovation.”
– Mr. Khaled Abdullah AlMolhem, Chairman, Infonas W.L.L.
To power trade expansion and toughen shareholder price, Zain Bahrain’s center of attention is to transport past conventional telecommunication products and services and construct a diverse virtual ecosystem spanning undertaking ICT, cloud, cybersecurity, fintech enablement, and clever platforms powered by way of complex infrastructure and AI-driven functions.
PWC are the monetary consultant and DLA Piper are the prison consultant for Zain Bahrain. Hassan Radhi & Pals are the prison consultant for Infonas.
The of entirety of the Transaction is matter to the considered necessary regulatory approvals within the Kingdom of Bahrain and the delight of the stipulations set out within the SPA.
