Browse
related articles
Zain postpones repayment, points to delayed Zain Saudi subscription
- Kuwait: Monday, July 30 - 2012 at 12:08
Kuwait-based Zain Group has said the postponed repayment of its $2.6bn loan to banks is primarily due to the delayed subscription of Zain Saudi, Kuna has reported. Zain's chief commercial officer, Hisham Akbar, who is also a Zain KSA board member, has said the company is fully committed to the repayment of the due loan, noting that the delay in subscription forced the group to ask for a two-month grace from banks.
Related Content
Article Options
Disclaimer »
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by AME Info FZ LLC / 4C and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
AME Info FZ LLC / 4C can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of AME Info FZ LLC / 4C.
In no event shall AME Info FZ LLC / 4C be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.
