Zain inks $500m loan deal

Kuwait – Mubasher: Zain Group has signed a credit facility agreement with a consortium of regional and international banks.

The loan is worth $500 million, and will be used to cover the company’s operating business, the company said in a bourse statement issued on Thursday.

Zain clarified that the repayment period is five years.

 

Mubasher Contribution Time: 22-Dec-2016 06:17 (GMT)
Mubasher Last Update Time: 22-Dec-2016 06:17 (GMT)