From Reuters: Kuwaiti mobile operator Zain is renewing its $2.5 billion Islamic loan that signed in 2007, a banker close to the deal said on Tuesday.
Syndication of the two-year murabaha facility has launched to the senior phase of selldown via bookrunners Banque Saudi Fransi, Calyon and Al Rajhi Bank and is being targeted at a small number of close relationship banks including Saudi and International banks, the banker added……..Full Article: Source