Zain KSA Agrees $600m Murabaha Facility

Zain KSA has signed a SAR 2.25 billion Murabaha facility with a consortium of local and regional banks to refinance its existing $600 million facility with Commercial and Industrial Bank China.
Zain KSA disclosed that the facility was oversubscribed and is fully secured by a corporate guarantee from Mobile Telecommunications Company KSCP (Zain Group).
Prince Naif bin Sultan bin Mohammed, chairman of Zain KSA, said: “The closing of the Murabah Facility, which saw the transaction being oversubscribed, reflects the confidence of the financial institutions in the successful digital transformation strategy being executed by Zain KSA.”
Banque Saudi Fransi (BSF) acted as the documentation bank of the facility. Al Rajhi Banking and Investment Corporation, Arab National Bank, BSF, First Abu Dhabi Bank PJSC (Saudi Branch), and SAMBA Financial Group were the bookrunners and mandated lead arrangers for the facility. BSF was also appointed the investment agent on the transaction.
Zain KSA raised its Q1 net profit to around SAR 129 million, compared to SAR 77 million for the same period of 2018, while total revenues rose to SAR 2.1 billion in the first quarter, a growth of 24 percent over the same period of 2018.
During the period, Zain KSA maintained Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) of SAR 955 million in the first quarter, up 67 percent compared to SAR 571 million in the first quarter of 2018, reflecting an EBITDA margin of 46 percent.CIBC).
For all the latest banking and finance news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.Subscribe to Arabian Business' newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox.
Saudi Arabia FDI Inflows Jump 24 Per Cent To $32bn In 2024
Saudi Arabia’s FDI inflows rose 24 per cent to SR119.2bn ($31.8bn) in 2024, exceeding Vision 2030 targets as non-oil ... Read more
Abu Dhabi Finance Week 2025 Confirms First 300 Global Speakers With $60tn In Assets
Abu Dhabi Finance Week 2025 will host 300 global leaders with $60tn in assets, featuring top names from Netflix, Carlyl... Read more
UAE Announces New Tax Rules For Free Zones
The UAE Ministry of Finance has issued new Corporate Tax rules for Free Zones, expanding qualifying activities and clar... Read more
Qatars Top Banks Post $3.9bn H1 Profit, But Rising Costs Squeeze Returns: Moodys
Qatar’s biggest banks reported a slight rise in first-half profits, but Moody’s Ratings warned that mounting costs,... Read more
Saudi Arabia Launches $400m Fund To Boost Startups And SMEs
Saudi Arabia will refund SAR1.5bn ($400m) in government fees to startups and SMEs through the Estrdad initiative Read more
Saudi Bank Credit Hits Record $849bn In June 2025, Up 15.8% Year-on-year
Saudi bank credit hit a record SR3.18tn ($849bn) in June 2025 — here’s what it means for businesses and investors Read more