Mon, Sep 22, 2014
A A A
Welcome bhaimia
RSS

Islamic Finance Briefing - Categorized | Financial Instruments (Credit Cards, Debts, Loans, Mort more

Mobily reschedules US$400 mln in Islamic debt

Posted on 12 October 2009

From Bloomberg: Etihad Etisalat Co., the second- largest mobile-phone company in Saudi Arabia, rescheduled a 1.5 billion-riyal ($400 million) Islamic loan with four Saudi banks.

The short-term financing will be repaid over four years, the Riyadh-based telecommunications provider said in a statement to the Saudi bourse today. Samba Financial Group, Riyad Bank, Saudi British Bank and National Commercial Bank were the lenders involved in the transaction………………….Full Article: Source

Podcast Play - Download this article   |   Subscribe to the Podcast Feed
 
Article link

This post was written by:

Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


Contact the author

Comments are closed.

banner
September 2014
M T W T F S S
« May    
1234567
891011121314
15161718192021
22232425262728
2930