Zain Saudi Arabia 7030.SE, the country's third mobile operator, signed a two-year refinancing agreement worth 2.25 billion riyals ($600 million) to help its capital projects and meet previous obligations.
The firm signed the Islamic financing agreement with Saudi banks including Arab National Bank 1080.SE and Banque Saudi Fransi 1050.SE, it said in a statement on Tuesday.
"Zain Saudi Arabia completed a refinancing agreement, which complies with sharia laws, on April 11... That is to meet its previous obligations and finance a number of the firm's capital projects," the statement issued to Saudi bourse stated.
No comments:
Post a Comment