Mobile Telecommunication Company Saudi Arabia "ZAIN KSA" announces the latest developments in its agreement with the Saudi Ministry of Finance and the conversion of its current commercial loan into a Murabaha facility.
“ZAIN KSA" Announces the signing with the Ministry of Finance of an agreement to convert the existing commercial loan into a Murabaha facility and appointment of Al Rajhi Banking & Investment Corp. (Al Rajhi bank) as the Murabaha Facility Agent.
Previous Announcement
Mobile Telecommunication Company Saudi Arabia "ZAIN KSA" announces the signing of an agreement with the Saudi Ministry of Finance regarding postponing the payment of state dues owed by the company for the next seven years.
Date of Previous Announcement on Tadawul's Website
2013-06-02 Corresponding to 1434-07-23
Percentage of fulfilled achievement
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Event's Expected Completion Date
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The costs associated with the event, and if they have changed or not with indication of the reasons.
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Additional Information
There are no changes to the current commercial terms of the facility with the Ministry of Finance.
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