China’s ICBC boosts Saudi lending with $600mn Zain facility
China’s largest bank is boosting lending in Saudi Arabia, increasing its foothold in the biggest Arab economy as growth slows in its home market. Mobile Telecommunications Co Saudi Arabia, a unit of Kuwait’s Zain, obtained a $600mn loan from Industrial and Commercial Bank of China, replacing a facility of that…
Continue Reading
Subscribe to unlock the full article and access premium financial content.
Click here to read the full story: Gulf Times