Zain group pays SAR 868m to Motorola on behalf of Zain KSA

12/12/2012 Tadawul

The mobile telecommunications company (Zain) announced today on tadawul that Zain Group Holding (Kuwait) is to pay Motorola an amount of SAR 868m related to the procurement finance agreement on behalf of Zain KSA.
Zain KSA stated that this amount will be considered as an advance payment by Zain group holding under the joint murabaha agreement of SAR 9bn.

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