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The Kuwait-based operator has revealed two new appointments to its top level board.
The Kuwaiti-network is expected to agree a non-equity deal with the operator giant to share its network.
The telecoms operator reported a net profit of around $251.58 million in the second quarter of the year.
The Kuwaiti telecoms operator now owns 37 per cent of Zain Saudi following a weak response from other shareholders.
The Kuwaiti telecoms operator reported a loss of 37.3 million dinars compared to the same period last year.
Zain’s share hold in the Saudi operator could rise to above 50 per cent forcing the Kuwaiti firm to consolidate losses.
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