The Saudi telecoms operator Mobily has signed a SAR10 billion (USD2.67 billion) sharia-compliant loan refinancing agreement with a group of seven local banks. The cellco has combined three existing facilities into a single four-tranche Islamic loan. Mobily says the facility will be used to help finance investment in its mobile data and fixed broadband services.
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OVETEL Mobily signs SAR10bn loan refinancing deal
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