20 Dec 2012
(MENAFN) Zain Saudi, a unit of Kuwait’s Zain, has deferred the repayment of the maturity of a USD2.40 billion Islamic loan for the sixth time, Reuters reported.
The loss-making company said it has agreed with its creditors to extend the maturity for another six weeks, until January 30, originally due in July 2011.
The firm said that through the extension, Zain Saudi and its lenders will be able to finalize a new long-term financing agreement to replace the existing one, the same reason when it previously extended the loan on November 28.
Zain Saudi has not made a quarterly net profit since launching operations in 2008.
27 Jan 2025
BBK offers customers with exclusive Tas’heel and Mazaya Finance to own their dream home
15 Jan 2025
BBK Signs Strategic Partnership with Bahrain Airport Company to Develop “Express Cargo Village”
08 Jan 2025
Bank of Bahrain and Kuwait and Global Payment Services Deliver the First Advanced Fraud Prevention Solution for Wallet Provisioning in the Kingdom of Bahrain
26 Dec 2024
BBK proudly supports “Celebrate Bahrain” as a gold sponsor in cooperation with BTEA
17 Nov 2024
BBK and Asia Jewellers announce exclusive offers to its customers at Jewellery Arabia 2024
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more