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Zain Saudi to defer $1.49bn licence fee paymentIndebted telecoms operator Zain Saudi has received government approval to defer licence fee payments totalling $1.49 billion over seven years, sending its shares on Monday to an eight-month high. The rescheduled payment will be tr More… |
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Zain Saudi extends life on $3bn of loansZain Saudi has extended the maturity on $3 billion of loans for up to five weeks, the loss-making telecoms operator said in a bourse statement on Tuesday. The company, an affiliate of Kuwait' More… |
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Zain Saudi narrows Q1 net lossIndebted telecom operator Zain Saudi said it has narrowed its losses in the first quarter to SR398 million ($106.13 million) from SR420 million in the year-ago period. Saudi Arabia's No.3 mobile company, an affiliate of Kuwait More… |
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Promoaction to handle Zain advertisingPromoaction DDB has been awarded the entire advertising account for regional telecommunications company Zain in Saudi Arabia following a pitch process involving ten major agencies. “We are delighted to have won such a presti More… |
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Zain Saudi extends $2.4bn loan term againZain Saudi has extended the maturity of a 9 billion-riyal ($2.40 billion) Islamic loan for another four weeks, it said on Wednesday, the seventh time the loss-making telecoms operator has deferred More… |
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Zain Saudi narrows Q4 net loss by 4pcIndebted telecom operator Zain Saudi reported a 4 per cent narrowing of fourth-quarter loss but still missed analyst forecasts, the firm said in a bourse statement on Monday. Saudi Arabia's No.3 mobile company, an affiliate of More… |
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Zain Saudi seals Vodafone partnership dealZain Saudi Arabia, a leading operator of LTE/ 4G network in the Kingdom, has joined hands with Vodafone Global Enterprise (VGE), a key provider of business services to over 1,400 multinational companies around the world, to strengthen its busine More… |
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Zain Saudi defers $2.4bn loan for 5th timeZain Saudi extended the maturity of a SR9 billion ($2.4 billion) Islamic loan for another 21 days on Wednesday, the fifth time the loss-making telecom operator has deferred payment. The company, an affiliate of Kuwait's Zain, More… |
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Zain Saudi Q3 loss widens to $131mIndebted telecom operator Zain Saudi reported a widening third-quarter net loss on Tuesday, citing a move in call traffic from international to national calls. Saudi Arabia's No.3 mobile com More… |
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Zain Saudi postpones $2.6bn loan maturityIndebted telecom operator Zain Saudi has for a second time extended the maturity of a SR9.75 billion ($2.6 billion) loan by two months, it said in a bourse statement on Saturday. "The firm announces that on September 26 it ha More… |
