2012-01-29 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: The Riyadh-based Tadawul All Share Index added 0.27% Sunday, closing at 6,554.77 points, hitting a seven-month high. It was one of the rare trading sessions, when petrochemical leader Sabic (off half a per cent at SR93.50) was not the most liquid share. Shares of Mobile Telecommunications Company Saudi Arabia, known as Zain KSA jumped 7.46%, finishing at SR7.20. Saturday, Zain KSA announced that it has secured unanimous consent on January 25, 2012 from its Murabaha investors to extend the maturity of its approximately SR9.75bn Murabaha Facility for an additional six months. The facility will now mature on July 27, 2012. The telecom provider claimed in a press release, that this particluar Shari'ah-compliant financing extension "places the company in a better liquidity position to meet its financial/operational obligations in the near future."  

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