Zain KSA signed and reached financial close to draw down SAR 2.77 Billion from the Senior Murabaha Facility with a better commercial terms, with 3 years maturity underlined with a bullet payment at the maturity, for the purpose of repaying the Junior Murabaha Facility amounting to SAR 2.25 billion on April 28th 2022, before it's due date on June 2022, and paying the 2022 installment of the government loan amounting to SAR 525 million. This brings the outstanding balance of the Senior Murabaha Facility to SAR 6 billion. The participating banks in this financing are Al Rajhi Banking and Investment Corporation, Banque Saudi Fransi, Arab National Bank, National Bank of Kuwait, Saudi National Bank, Bank AlJazira, and Gulf International Bank.

The Arab National Bank acted as the facility coordinator. Zain KSA has consolidated it's Murabaha facilities under the Senior Murabaha Facility with better commercial terms that will allow the clearance of 2 majors debt payment this year and will enhance the cash flow of Zain KSA.