Zain holds talks over refinancing SR9.75bn Islamic loan
Saudi Arabian mobile telecommunication company Zain Saudi is meeting investors this week to discuss refinancing its SR9.75bn ($2.6bn) Islamic syndicated loan that matures in July.
At the end of January, Zain reached an agreement with lenders for a six month extension of the murabaha financing facility. The facility's maturity was reset for July 27.
Zain exercised an option under the terms of the facility, which allowed it to extend the deadline as long
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