Kuwaiti telecom operator Zain is reportedly talking with foreign lenders to raise up to US$600m to expand its Saudi Arabian network.
According to news reports, quoting the Kuwaiti daily al-Anbaa, the loan would be worth between US$500m and US$600m.
Zain…
Kuwaiti telecom operator Zain is reportedly talking with foreign lenders to raise up to US$600m to expand its Saudi Arabian network.
According to news reports, quoting the Kuwaiti daily al-Anbaa, the loan would be worth between US$500m and US$600m.
Zain Saudi Arabia, which is 25% owned by Zain, said last week that it was in talks with lenders after failing to meet some agreements on a two-year US$2.5bn Islamic loan.