Riyadh – Mubasher: Mobile Telecommunication Company Saudi Arabia (Zain KSA) secured a Murabaha facility agreement amounting to SAR 5.50 billion from a consortium of five lenders.

The telecom group obtained the loan from Al Rajhi Bank, Arab National Bank (ANB), the Saudi National Bank (SNB), Riyad Bank, and Gulf International Bank, according to a bourse disclosure.

Zain KSA will utilize the loan to pay its existing Murabaha facilities valued at SAR 4.70 billion, which are maturing by 30 September 2025. This is in addition to paying the receivables discounting facility amounting to SAR 500 million.

Meanwhile, the remaining amount of SAR 300 million will be withdrawn in line with the company’s operational and investment needs.

The financing holds a five-year tenor, with a one-year grace period and a repayment schedule ending on 30 September 2030.

At the end of June 2025, the group’s net profits jumped by 27.90% year-on-year (YoY) to SAR 220 million from SAR 172 million.