Saudi Zain in credit talks after missing commitments

RIYADH (Reuters) – Zain Saudi Arabia (7030.SE), the kingdom’s newest mobile phone operator, said on Saturday it is in talks with lenders after missing some commitments last year on a two-year $2.5-billion Islamic loan.
Saad al-Barrak, Zain’s chief executive, told Al Arabiya television later that the unmet commitment was related to performance ratios the company was [...]