We would like to invite you to continue a survey you have started. ...

Do you trust your insurer ?

Strongly agree
Strongly disagree
Insurance provides peace of mind
Insurance is purchased only when compulsory
Terms and Conditions (small print) are clear and easily accessible
Insurance jargon (language) stands in the way of fully understanding each policy
Insurance companies try their best to uphold the details of the policy without cutting corners
Reducing risk, cutting costs and profits are more important to an insurance company than the customer
Insurance companies in the region are as professional as in other more developed markets
Age group
Do you feel your insurance provider works in your interest?
Have you had a rejected claim that you feel was not justified?
Do you trust your insurance provider?
Our Network

Register for our free newsletter

Latest News

Kuwait’s Zain seeks $1.5 bln loan -bankers

The deal to be structured as a conventional financing rather an an Islamic loan.


September 23, 2010 2:38 by

Kuwait’s Zain , the Gulf Arab region’s third-largest telecoms group by value, has approached banks for a $1.5 billion syndicated loan, banking sources close to the deal said.

The deal is likely to be structured as a conventional financing rather an an Islamic loan, one of the bankers added, and will be new money rather than a refinancing, two bankers said.

Zain’s previous loan was a $1.2 billion Islamic financing that signed in April 2008.

That murabaha financing, arranged by bookrunners BNP Paribas, Calyon and DBS, matured in December 2008 and was priced at 75 basis points over LIBOR, according to Thomson Reuters LPC data.

In June, Zain and Bharti Airtel closed a $9 billion deal for the Kuwaiti firm’s African assets excluding Sudan and Morocco.

(Reporting by Christopher Mangham)


Tags: , , , , ,

Leave a Comment