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Islamic Finance Briefing - Categorized | Banking, Finance more

Five banks lead Zain Saudi’s $2.5bln syndicated loan-bankers

Posted on 07 June 2012

Zain Saudi Arabia, the country’s third-largest mobile operator, has mandated Al Rajhi Bank, Banque Saudi Fransi, Credit Agricole, Arab National Bank and Standard Chartered to lead the refinancing of its $2.5 billion Islamic syndicated loan that matures in July, bankers close to the deal said.
Saudi British Bank, National Bank of Kuwait and Gulf Bank are also expected to join the five-year facility, which includes different pricing for the U.S. dollar and Saudi riyal tranches………………………………………..Full Article: Source

 
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