Zain Kuwait Approaching a $ 700 Million Loan



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Zain Kuwait Telecom is about to complete a $ 700 million loan, sources told Reuters.

The sources added that the first bank in Abu Dhabi is arranging the syndicated loan, which has a bank facility with a five-year repayment period.

The facility is expected to be financing an earlier loan of $ 800 million obtained in 2014, with the participation of eleven local and international financial institutions.

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