Lenders approve extension of Zain Saudi's $2.6bn loan maturity
- Saudi Arabia: Sunday, September 30 - 2012 at 03:45
Zain Saudi has extended for a second time the maturity of a SR9.75bn ($2.6bn) loan by two months, Reuters has reported. The loan was initially due in July but was extended to September 27. "The firm announces that on September 26 it has received approval from lenders to extend the maturity date for the joint Murabaha by two additional months, changing the maturity date to November 28," the firm said.
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