Saudi government defers Zain KSA's $1.49bn licence fees payment
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Saudi government defers Zain KSA's $1.49bn licence fees payment

Saudi government defers Zain KSA's $1.49bn licence fees payment

Zain Saudi has said it has reached an agreement with the Saudi finance ministry to defer licence fee payments totalling $1.49bn over seven years, Reuters has reported. The ministry agreed to reschedule its annual licence fee of SR800m ($213.3m) for the coming seven years, the firm said. The rescheduled payment will be treated as a commercial loan, with the first payment due in 2021, it said.

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