Zain Saudi readies $2,6bn refinancing deal
2012-04-19 - AMEinfo.com | Saudi Arabia | Latest News - Saudi Arabia: Zain Saudi has announced it was finalising the refinancing of a SR9.75bn ($2.6bn) facility due in July after it posted another quarterly loss, Reuters has reported. The facility will be replaced by another with a five-year term as the operator, an affiliate of Kuwait's Zain, looks to bolster its balance sheet, with current liabilities now worth more than its assets, the company said.  

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