22.12.2010 - Saudi telecom Mobily secures $320 mln Islamic loan to fund expansion
From AP: Saudi Arabia's leading mobile telecom operator Etihad Etisalat Co. says it has struck a 1.2 billion Saudi riyal ($320 million) financing deal with five local banks. The company, also known as Mobily, said in a statement Tuesday that the Islamic financing deal is aimed at funding its expansion plans. The company said the 12-month loan can be extended for another six months, under the terms of the agreement..............................................Full Article: Source
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