All but one Saudi-listed firm fell in early trading on Saturday after Zain Saudi Arabia announced it had missed some commitments linked to 2.5 billion dollar Muarabaha. The all-share index is down 1.8 percent at 6,271 points led mainly by petrochemical and telecoms indexes. Shares in Zain Saudi fall 1.47 percent and Saudi Basic Industries Corp (SABIC) falls 2.51 percent.
Zain Saudi Arabia, the kingdom's newest mobile phone operator, said on Saturday it is in talks with creditors after it did not honour some commitments last year linked to a two-year 2.5-billion dollar Muarabaha loan.
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