KAMPALA: Zain Sudan Telecom said that it has not moved any of its profits made to its parent company in Kuwait over the past five years, the Sudan unit's CEO Ibrahim Ahmed al-Hassan said at a press conference in Khartoum. It comes on the heels of reports that much of the profits incurred by the company in Sudan had left the country and were not being put back into local investment. Hassan said that this “is creating an image problem for the company” since it is listed on stock exchanges around the world. The unit's top executive said he hopes this issue can be resolved with Sudanese authorities even though he did not disclose what is the reason behind this situation. However some analysts point out to restrictions imposed by Sudan's central bank on expatriating funds in hard currency outside of the country. In 2010, the United Arab Emirates (UAE) Securities and Commodities Authority (SCA) warned it would halt trading in Sudatel Telecom Company shares over non-payments of dividends to shareholders. Sudatel attributed the delay to regulations of the central bank. BM ShortURL: http://goo.gl/do4de Tags: Telecom, Zain Section: Kuwait, Sudan, Tech