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FINANCIAL NEWS
Kingdom, Batelco approve Zain’s debt terms
17 Mar 2011
(MENAFN) Kuwait-based Zain stated that it gained approvals from Kingdom Holding and Bahrain Telecom (Batelco) for taking on a part of Zain Saudi’s debt as a condition in the deal of buying 25 percent of Zain’s Saudi unit, reported Arabian business.
Zain stated that some debt guarantees would be settled as a term for ownership transferring.
According to the deal, zain stated that it will get USD950 million in cash from Kingdom and Batelco, and the additional USD250 million would be provided by the sold out Zain Saudi.
Kingdom Holding on the other hand confirmed the cash offer at USD950 million and pointed out that Zain Saudi would become an independent firm with no guarantees from third parties when the deal is done.
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BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
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24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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