Zain’s plan to sell its Saudi towers
TowerXchange is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Zain’s plan to sell its Saudi towers


Can Zain’s new buyers close on its 8,000+ towers and create a challenger to TAWAL in MENA’s biggest market?

Zain KSA has approved non-binding offers from the Public Investment Fund (PIF), Prince Saud Bin Fahad, and Sultan Holding Company, to acquire stakes in the Zain KSA's telecom towers, which are valued at SR3.026 billion (US$807mn) for 8,069 towers. The deal is not the first announcement regarding the fate of Zain’s towers. Back in 2016 Zain agreed a sale and leaseback which fell through, and as late as Summer 2021 it looked like Zain would do a deal with IHS Towers. This latest deal, if it closes, would see the towers acquired by a consortium of investors new to tower investment, but part of the wider trend of increased investor appetite for investing in telecom tower assets.


The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Subscribe Login
Gift this article