13.02.2012 - Saudi Mobily secures $2.7bln Islamic loan
Saudi Arabian telecom firm Etihad Etisalat says it has secured a 10 billion riyal ($2.7 billion) Shariah-compliant loan from seven banks that allows its to consolidate several other loans into one. The company, commonly known as Mobily, said in a statement on the Saudi Arabian stock exchange's website Sunday that the Islamic law-compliant loan was 3.5 times covered by the banks involved, and with more favorable terms than before. Mobily is Saudi Arabia's second largest telecom by market capitalization...............................................Full Article: Source
Print