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FINANCIAL NEWS
Etisalat’s Nigerian unit secures USD1.2b loan
22 May 2013
(MENAFN) Etisalat Nigeria announced that it has signed a medium term loan facility of USD1.2 billion, reported Gulf News.
The Nigerian operation unit of the UAE telecommunication services operator said that the aim of the loan is to cover the debt of USD650 million and to resume its business across the country.
The company’s first quarter net profits witnessed a 1-percent increase on yearly basis reaching USD489 million, and the revenue went up 17 percent to USD2.61 billion.
It’s worth mentioning that Etisalat has operations in 15 countries in the Middle East, Africa, and Asia.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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