Zain KSA’s rights issue oversubscribed
A rights issue by mobile operator Zain Saudi Arabia that closed on 17 July was oversubscribed, reaching US$1.69bn against the ...
Tag: Zain Saudi Arabia
Zain KSA aims for US$1.6bn rights issue launch on 10 July
Mobile operator Zain Saudi Arabia is looking to launch its SR6bn (US$1.6bn) rights issue on 10 July. The process will close ...
Zain KSA shareholders approve capital restructuring plan
Saudi Arabian mobile operator Zain KSA has secured the necessary shareholder approval to proceed with its planned capital reduction and ...
Zain KSA shareholders get second chance to vote on capital restructuring
Following a failed earlier attempt, Zain KSA has invited shareholders for a second extraordinary general meeting on 4 July. Shareholders will ...
Zain Saudi to refinance US$2.6bn Islamic facility
Mobile operator Zain Saudi Arabia has announced it will refinance its SR9.75bn (US$2.6bn) murabaha facility secured in 2009. In January, ...
Zain seeks to refinance US$2.5bn loan – report
Zain Saudi Arabia, the kingdom’s third-largest mobile operator, has initiated talks with banks to refinance a US$2.5bn Islamic facility maturing ...
Zain KSA to extend $2.6bn loan
Zain Saudi Arabia (Zain KSA) has gained consent from investors to extend the maturity of an Islamic financing facility valued ...
Zain Saudi Arabia unveils plans for US$1.6bn rights issue
Mobile operator Zain’s Saudi subsidiary has announced plans to raise SAR 6bn (US$1.6bn) through a rights issue as part of ...
Zain Saudi shareholder prepared for US$36m writedown
The chief financial officer of Almarai, one of the founding shareholders of Zain Saudi, reportedly said that his company would ...
Zain Saudi CEO resigns
Mobile operator Zain Saudi announced the resignation of CEO and MD Saad al-Barrak today. According to the company, current board ...
