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Zain refinances Islamic loan
- Kuwait: Thursday, December 13 - 2007 at 11:35
Kuwait's Mobile Telecommunications Comapany Zain agreed a $1.2bn Islamic loan with seven regional and international lenders to refinance existing debt for the same amount, reported Reuters. The loan, which complies with Islamic principles, is for one year and expires in December next year. No details about the terms of the loan.
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Amena Bakr, Senior ReporterThursday, December 13 - 2007 at 11:35 UAE local time (GMT+4)
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