Logo ofMobile Telecommunication Company Saudi Arabia (Zain KSA)
Mobile Telecommunication Company Saudi Arabia (Zain KSA) obtained on Feb. 12 a Murabaha facility at SAR 1.9 billion from Al Rajhi Bank, according to a statement to Tadawul.
The Islamic facility will be used to repay the current Murabaha facility with Ministry of Finance, where the repayments were yearly with the last installment scheduled for June 1,2027.
The new facility has better commercial terms and will be settled after 5 years in one bullet payment at the maturity date of February 17, 2030.
Logo ofMobile Telecommunication Company Saudi Arabia (Zain KSA)
Mobile Telecommunication Company Saudi Arabia (Zain KSA) obtained on Feb. 12 a Murabaha facility at SAR 1.9 billion from Al Rajhi Bank, according to a statement to Tadawul.
The Islamic facility will be used to repay the current Murabaha facility with Ministry of Finance, where the repayments were yearly with the last installment scheduled for June 1,2027.
The new facility has better commercial terms and will be settled after 5 years in one bullet payment at the maturity date of February 17, 2030.
