| Element List | Explanation |
|---|---|
| Introduction | Mobile Telecommunication Company Saudi Arabia “Zain KSA” announces the signing of a Murabaha Facility Agreement amounting to SAR 5.5 billion with a consortium of 5 banks: Al Rajhi Bank, Arab National Bank, The Saudi National Bank, Riyad Bank, and Gulf International Bank. |
| Date of obtaining the funding | 2025-09-14 Corresponding to 1447-03-22 |
| Financing entity | Al Rajhi Bank, Arab National Bank, The Saudi National Bank, Riyad Bank, and Gulf International Bank. |
| Financing amount. | SAR 5,500,000,000 |
| Financing duration. | Five-year tenor, with a one-year grace period and a repayment schedule ending in 30/09/ 2030. |
| Guarantees offered for the financing | Promissory note. |
| Financing objective | The company will use the proceeds of the facility as per the following: |
1. Pay its existing Murabaha facilities amounting SAR 4.7 billion, which is maturing by 30/09/2025.
2. Pay the receivables discounting facility amounting SAR 500 million, which is maturing by 30/09/2025.
3. The remaining amount of SAR 300 million will be withdrawn in line with the company’s operational and investment needs.
The new agreement has more favorable commercial terms and flexible conditions.
Also, this long-term facility came after detailed and productive discussions with the consortium. This facility shows the confidence of the financial institutions in Zain KSA financial strength, credit worthiness and its ability to meet its financial obligations.
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