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Zain Saudi secures extension of loan maturity
- Saudi Arabia: Tuesday, February 05 - 2013 at 06:07
Zain Saudi has agreed with its lenders to an extension of the maturity date of its syndicated murabaha facility until February 27, 2013, Saudi Gazette has reported. The affiliate of Kuwait's Zain said the new facility could also be extended further. Zain KSA's murabaha facility amounts around SR9bn ($2.4bn) after the successful prepayment of SR750m ($200m) on August 27, 2012.
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