Zain Saudi Arabia Secures $5.5 Billion Murabaha Deal
News Context
At a glance
- This summary details a facilities agreement signed by Saudi Mobile Telecommunications Company - Zain Saudi Arabia.
- The remaining amount of 300 million riyals will be used for general corporate purposes.
Zain Saudi arabia – Facilities Agreement Summary
Table of Contents
This summary details a facilities agreement signed by Saudi Mobile Telecommunications Company - Zain Saudi Arabia.
Key Details
- Company: Saudi Mobile communications – Zain Saudi arabia
- Agreement Type: Mabraha Facilities Agreement
- Lenders:
- Al-Rajhi Bank
- Arab National Bank
- National Bank of Saudi Arabia
- Riyad Bank
- Gulf International Bank
- Total Value: 5.5 billion riyals
Use of Funds
The credit facilities will be used for the following purposes:
| purpose | Amount (Billion riyals) | Due Date |
|---|---|---|
| Payment of existing pavement facilities | 4.7 | September 30, 2025 |
| Payment of city receivable financing facilities | 0.5 | September 30, 2025 |
| Remaining amount (details not fully provided in the source) | 0.3 | Not specified |
The remaining amount of 300 million riyals will be used for general corporate purposes.