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Zain KSA holds Murabaha closing

  • Saudi Arabia: Wednesday, August 12 - 2009 at 11:35

Zain Saudi Arabia, has said that it has held the closing for a $2.5bn Murabaha financing facility, which will be used to repay its existing Murabaha, facilitating the mobile telecom operation's ongoing network expansion and future growth. The term of the facility is two years with options of extending for a further twelve months.

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