IssuerAnnouncementDetailsV2Portlet
Mobile Telecommunication Company Saudi Arabia "ZAIN KSA" announces the latest developments in its agreement with the Saudi Ministry of Finance and the conversion of its current commercial loan into a Murabaha facility.
Element List | Explanation |
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Introduction | “ZAIN KSA" Announces the signing with the Ministry of Finance of an agreement to convert the existing commercial loan into a Murabaha facility and appointment of Al Rajhi Banking & Investment Corp. (Al Rajhi bank) as the Murabaha Facility Agent. |
Previous Announcement | Mobile Telecommunication Company Saudi Arabia "ZAIN KSA" announces the signing of an agreement with the Saudi Ministry of Finance regarding postponing the payment of state dues owed by the company for the next seven years. |
Date of Previous Announcement on Tadawul's Website | 2013-06-02 Corresponding to 1434-07-23 |
Percentage of fulfilled achievement | N/A |
Event's Expected Completion Date | N/A |
The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
Additional Information | There are no changes to the current commercial terms of the facility with the Ministry of Finance. |
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.