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Kuwait authorities review public auction process for Third Mobile’s share sale

Kuwait: Thursday, August 30 - 2007 @ 12:36

This review process will be completed by September 7, 2007.

As per the stipulations of the Law No 2 /2007, Companies listed on the Kuwait Stock Exchange and Foreign Telecommunications Operators are allowed to participate in this Public Auction.

The Tender process is being revised and interested parties, who have registered their participation in this Public Auction and have procured the RFI document, should note that they are not expected to submit their responses to the RFI by September 7, 2007.

The Establishing Committee is in the process of finalizing the Tender Documents as per the stipulations of Law No 2/ 2007 and under the guidance of the Council of Ministers. The new guidelines and dates will be communicated to the participants upon the completion of the review of the Public Auction process.

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Thursday, August 30- 2007 @ 12:36 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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