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Announced

Kalaam Telecom to acquire Zajil International Telecom.

Synopsis

Kalaam Telecom, a technology solutions provider, agreed to acquire Zajil International Telecom, a prominent Kuwait-based information and communications technology service provider. Financial terms were not disclosed. "Over the past 30 years Zajil has emerged as a trusted and reliable partner to leading corporates and financial institutions in the GCC region, as well as globally. We are glad that Kalaam will be the new owners of Zajil, as I am confident that they share the same vision that we have had for Zajil to continue being a leading ICT service provider in the MENA region. I take this opportunity to thank Protiviti for being with us throughout this journey, and we are appreciative of their support and advice given to us during this process," Mohammed Abdulaziz Al Tuwaijri, Zajil Chairman.

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