12 Apr 2011
(MENAFN) Zain Saudi Arabia stated that it inked a deal for refinancing capital projects and other obligations worth USD600 million to be paid back over the course of two years, reported Reuters.
The operator stated that the deal was inked with Saudi banks on an Islamic financing basis, which is called Murabaha.
It is worth noting that under a murabaha deal, an Islamic bank buys an asset from a third party and sells it to its customer at cost plus profit. This allows the bank to extend financing without charging interest, which is forbidden by Islamic law.
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
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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