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Zain KSA in US$600m loan switch to lower financing costs

Connectivity BusinessbyConnectivity Business
August 16, 2016
in Financing, Space Services
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Zain Saudi Arabia has signed a US$599.8m (SR2.249bn) long-term commercial loan facility agreement with the Industrial and Commercial Bank of China (ICBC), the telco said in a filing. The two-year tenor loan replaces a similar long-term commercial borrowing facility worth SR2.25bn (US$600m) signed in June with lead lender Arab National Bank. Zain Saudi Arabia (TASI:7030) has signed a US$599.8m (SR2.249bn) long-term commercial loan facility agreement with […]

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Tags: Arab National BankEtihad EtisalatIndustrial and Commercial Bank of China (ICBC)Middle EastPremiumSTC (Saudi Telecom Company)TF248ZainZain KSA
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