Tadawul-listed Zain KSA secured a SAR 5.5 bn murabaha facility from a bank syndicate that involves Al Rajhi Bank, Arab National Bank, Saudi National Bank, Riyad Bank, and Gulf International Bank, it said in a bourse disclosure. The five-year funding agreement, effective 30 September, comes with a one-year grace period.

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Where’s the money going? Proceeds will refinance SAR 4.7 bn in existing murabaha facilities and a SAR 500 mn receivables discounting facility, both maturing this month. The remaining SAR 300 mn will support the firm’s operational and investment needs. Zain said the new facility comes on more favorable terms.

Not the first we’re hearing of it: The move comes seven months after the telco lined up a SAR 1.93 bn, five-year shariah-compliant loan with Al Rajhi Bank to refinance its outstanding murabha facility with the Finance Ministry. The is set to mature in February 2030.

REFRESHER- Zain KSA saw its net bottom line rise 27.9% y-o-y to SAR 220 mn in 1H 2025, while its topline increased 5.1% y-o-y to SAR 5.3 bn. The telco exceeded analysts’ expectations in 2Q on the back of growth in high-margin segments and lower financing costs.

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