Saudi telco Mobily signs for SR2bn credit facility

Saudi telco Mobily signs for SR2bn credit facility
Published: 20 December 2016 - 4:40 a.m.
By: CommsMEA staff writer

Saudi Arabia's Etihad Etisalat (Mobily) has signed to obtain a SR2 billion ($533 million) credit facility from Alinma Bank, the telecommunications operator said in a bourse statement, as reported by Reuters.

The facility is unsecured, and proceeds will be used to fund existing and future operating and capital expenditures, the statement said.

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