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FINANCIAL NEWS
Zain KSA signs USD 600mn loan refinancing
05 Jun 2016
(MENAFN) Zain Saudi Arabia has signed a USD 600mn loan refinancing with a group of four regional banks.
In addition, the new loan runs for two years and will extend it for a further one year.
Moreover, the facility was subordinate to its main USD 2.26mn, while Kuwait’s Zain has provided an unconditional guarantee for the new loan.
The new loan was provided by Arab National Bank, Banque Saudi Fransi, Gulf Intl’ Bank and Samba Financial Group.
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