Zain Saudi Arabia, the Kingdom’s newest mobile phone operator, said on Saturday it is in talks with lenders after missing some commitments last year on a two-year $2.5-billion Islamic loan. The Saturday announcement by the firm — 25-percent owned by
Mobile Telecommunications Co Saudi Arabia (Zain Saudi Arabia), missed certain revenue targets and not payments relating to an Islamic murabaha loan in 2009, the company’s chief executive said yesterday. Zain Saudi Arabia published earlier yesterday a
Shares in Zain Saudi Arabia closed at their lowest level since listing after it announced that it was in talks with mainly Saudi banks on missed commitments linked to a $2.5 billion Murabaha loan. Shares in Kuwait's Zain affiliate end 0.98 per cent down