Mobily secures SAR2bn credit facility

20 Dec 2016

Saudi Arabian telecoms provider Etihad Etisalat (Mobily) has signed an unsecured SAR2 billion (USD566 million) bilateral credit facility agreement with Alinma Bank. The loan has a ten-year term, and will be used to cover Mobily’s existing and future operating and capital expenditures, the company said in a statement on Tadawul.

Saudi Arabia, Mobily (Etihad Etisalat)