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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.
More News
05 Aug 2024
With the support of BBK, BIBF and BJA hold a graduation ceremony for journalists completing the training program
29 Jul 2024
BBK discloses its financial results for the half year ended 30th June 2024
09 Jun 2024
BBK Successfully Closes USD Benchmark Bond Offering at $500 Million, in Collaboration with a Consortium of Regional and International Banks.
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