Signing of an initial agreement for the sale and purchase of Quality Net shares

With reference to the above subject, kindly find the below link of the disclosure form in respect of Kuwait Telecom Company’s (“VIVA”) announcement of the signing of an initial agreement with Bahrain Telecommunication Company (“BATELCO”) and National Bank of Kuwait (“NBK”) to purchase the entire share capital of QualityNet General Trading and Contracting W.L.L. (“QualityNet”) at a price to be established on the completion of the full transfer of the shares to VIVA subject to the satisfaction and fulfilment of certain conditions, as agreed between the parties. QualityNet’s shares will be transferred to VIVA after signing the final sale and purchase agreement and fulfilling the terms, conditions and covenants therein and obtaining the necessary regulatory approvals.

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