Logo ofMobile Telecommunication Company Saudi Arabia (Zain KSA)
Mobile Telecommunication Co. Saudi Arabia (Zain KSA)signed avendorfinance agreementofup to SAR 1.12 billion and receivablesdiscounting facilityofup to SAR 500 million withAl Rajhi Bank, the telco said in a statement toTadawultoday, May 14. 
The aim is to enhance Zain KSA’s network infrastructure and free cash flow to enable improving its digital services for individual and business customers, the statement noted.
Thevendor finance agreement hasa duration of 10 years,whilethe receivablesfacilityhas a term of one yearrenewable.
The financing for supply chains aims to improve network infrastructure, while that forreceivablesaims to bolster the company’s working capital, Zain KSA stated.
This facility will augment working capital, consolidate net asset value, and boost operating profits throughout the contract period.
There are no related parties to the agreement, the statement added.
Logo ofMobile Telecommunication Company Saudi Arabia (Zain KSA)
Mobile Telecommunication Co. Saudi Arabia (Zain KSA)signed avendorfinance agreementofup to SAR 1.12 billion and receivablesdiscounting facilityofup to SAR 500 million withAl Rajhi Bank, the telco said in a statement toTadawultoday, May 14.
The aim is to enhance Zain KSA’s network infrastructure and free cash flow to enable improving its digital services for individual and business customers, the statement noted.
Thevendor finance agreement hasa duration of 10 years,whilethe receivablesfacilityhas a term of one yearrenewable.
The financing for supply chains aims to improve network infrastructure, while that forreceivablesaims to bolster the company’s working capital, Zain KSA stated.
This facility will augment working capital, consolidate net asset value, and boost operating profits throughout the contract period.
There are no related parties to the agreement, the statement added.
