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FINANCIAL NEWS
Zain Saudi inks USD600m refinancing agreement
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.
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BBK discloses its financial results for the half year ended 30th June 2025
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CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
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