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Zain Group refinances US$700 million revolving credit facility

Zain Group, the leading mobile telecom innovator in eight markets across the Middle East and Africa, is pleased to announce it has closed a US$700 million, five-year Revolving Credit Facility with a syndicate of regional and international banks. The transaction refinances a US$800 million Revolving Credit Facility arranged in 2014. The facility will be used for general corporate purposes.

First Abu Dhabi Bank PJSC (FAB) acted as the sole coordinator of the facility.