Zain Bahrain enters SPA for 100% of Infonas Shares

TDT | Manama

Email: mail@newsofbahrain.com

Zain Bahrain B.S.C., a leading Bahraini provider of innovative technologies and digital lifestyle experience, has entered a Share Purchase Agreement (“SPA”) with Bahrain headquartered Infonas W.L.L., one of the GCC’s leading technology and telecommunications solutions providers, for the acquisition of 100% of its issued share capital (the “Transaction”).

This acquisition that aligns with Zain’s ‘4WARD-Progress with Purpose’ strategy, represents a transformative milestone in Zain Bahrain’s journey to reaffirm its positions as a dynamic digital partner for government, corporate and international partners. It reinforces the Company’s long-term strategy of purposeful diversification and sustainable growth across high-value enterprise verticals, further strengthening its footprint in the Kingdom’s rapidly expanding its technology and solutions across the landscape.

Commenting on the transaction, Zain Bahrain Chairman H.E Shaikh Ahmed bin Ali Al Khalifa said,“ This acquisition is in line with our strategy which forms part of our contribution towards achieving Bahrain digital positioning and aims to confirm the Kingdom as a leading telecommunication 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.”

Mr. Khaled Abdullah AlMolhem, Infonas W.L.L. Chairman said, “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 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.”

To drive business growth and enhance shareholder value, Zain Bahrain’s focus is to move beyond traditional telecommunication services and build a diversified digital ecosystem spanning enterprise ICT, cloud, cybersecurity, fintech enablement, and intelligent platforms powered by advanced infrastructure and AI-driven capabilities.

PWC are the financial advisor and DLA Piper are the legal advisor for Zain Bahrain, Hassan Radhi & Associates are the legal advisor for Infonas.

The completion of the Transaction is subject to the requisite regulatory approvals in the Kingdom of Bahrain and the satisfaction of the conditions set out in the SPA.