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07-Feb-2016

Non-executive board member in Zain KSA submits resignation

According to a release on Tadawul, Fahd Bin Ibrahim Al Dughaither (non- executive board member) submitted his resignation last week to the board of Zain KSA [7030.SE] . The board has accepted the appointment of Saud Abdullah Al Bawardi as a non-executive member and Hisham Mohamed Attar as an independent member. Al Bawardi previously held the position of Deputy CEO and COO of Zain while Attar is a principle at private equity firm Amwal Al Khaleej (Tadawul)   Zain KSA: SAR5.93 as of 4 February 2016, Rating: Neutral, FV: SAR9.49 per share, MCap: USD923 million, ZAINKSA AB / 7030.SE

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