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News & Views General Zain Saudi Arabia announced the closing of $2.5 Bn worth Murabaha financing facility to finance its expansion plans. Kuwait government established two closed shareholding companies namely KIC Petrochemicals and Arabian Sponge Industries with a capital of KD5 Mn. ABB bagged orders worth $60 Mn from the Saudi Electricity Company to enhance [...]
News & Views General Saudi and Gulf banks may increase provisions on troubled Saudi groups towards the end of the year but levels will not be threatening – Saudi state-owned National Commercial Bank (NCB). Zain Saudi Arabia is expected to sign two-year murabaha financing worth $2.5 Bn to facilitate its network expansion in Saudi Arabia. [...]
