Zain Saudi secures third extension on Sr9.75bn loan

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Zain Saudi secures third extension on Sr9.75bn loan

Saudi Arabian mobile telecommunications company Zain Saudi has succeeded in extending the maturity of a Sr9.75bn ($2.6bn) Islamic financing for a third time. Lenders have agreed to allow the firm another two months to repay the joint murabaha, Zain said in a statement to the local stock exchange on Saturday.

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