FTI Capital Advisors Supports Zain Group on Acquisition of the IHS Tower Portfolio in Kuwait

Dubai, 3 December 2024 - FTI Capital Advisors (DIFC) Limited ("FTICA Dubai"), the wholly owned M&A advisory subsidiary of FTI Consulting, Inc. (NYSE:FCN), acted as the sole financial advisor to Mobile Telecommunications Company K.S.C.P ("Zain Group") on its acquisition of a 70 percent interest in IHS Kuwait Limited from IHS Holding Limited.

The transaction includes a portfolio of 2,345 towers across Kuwait. IHS Kuwait Limited will continue to operate independently, providing passive infrastructure services in the country as part of its ongoing commitment to supporting the telecom industry.

Fede Membrillera, Global Co-Leader of FTI Capital Advisors and Global Leader of FTICA's Telecom, Media & Technology practice, commented: "We are thrilled to continue supporting Zain in advancing its digital infrastructure strategy and expanding its regional footprint. This acquisition underscores Zain's commitment to enhancing its assets and capabilities to meet the growing demand for connectivity services in the region. The deal not only solidifies Zain's position in Kuwait but supports its broader expansion plans across the Middle East, generating long-term value for its shareholders."

About FTI Capital Advisors, LLC
FTI Capital Advisors ("FTICA") is a global boutique investment bank with 13 offices worldwide, focused on M&A, equity and debt raising and independent financial advisory, across targeted industry sectors - including Telecom Media and Technology, as well as in the energy, healthcare, aviation & aerospace and industrial sectors. Backed by the power of FTI Consulting's worldwide network of professionals, FTICA combines deep industry expertise with investment banking and transaction execution experience to deliver value-enhancing outcomes for our clients. FTI Capital Advisors globally is the wholly owned investment banking subsidiary of FTI Consulting, Inc. (NYSE: FCN).

This deal was performed by FTI Capital Advisors (DIFC) Limited ("FTICA Dubai"), an affiliate of FTICA. FTICA Dubai is regulated by the Dubai Financial Services Authority ("DFSA"), the financial regulatory agency of the special economic zone, the Dubai International Financial Centre ("DIFC"), in Dubai, United Arab Emirates. FTICA Dubai is authorized to provide services to Professional Clients only; accordingly, this press release is intended for Professional Clients only, and no other person should act upon it.

About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 8,300 employees located in 34 countries and territories, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $3.49 billion in revenues during fiscal year 2023. In certain jurisdictions, FTI Consulting's services are provided through distinct legal entities that are separately capitalised and independently managed. For more information, visit www.fticonsulting.com.

FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD

Investor Contact: Mollie Hawkes
+1.617.747.1791
[email protected]

Media Contact: Helen Obi
+44 20 7632 5071
[email protected]

Source: FTI Consulting, Inc.