Zain signs three-year $700m loan
Kuwait, April 24, 2013
Kuwait's largest telecom operator Zain has signed a $700 million loan, the company said in a statement on Wednesday.
The loan is a three-year revolving credit facility and will be used for general business purposes, the statement said.
Standard Chartered and Qatar National Bank were joint coordinators of the loan. This pair were joined on the deal by five other banks including National Bank of Abu Dhabi and Dubai's Emirates NBD.-Reuters