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FINANCIAL NEWS
Qatar’s Ooredoo signs USD500m loan contract
12 May 2015
(MENAFN) Ooredoo, the Qatari telecommunication operator, announced the signing of a USD500 million loan deal allocated over five years, a corporate statement said, Arabian Business reported.
Ooredoo is set to invest the loan over unspecific business goals. The loan is granted by a collection of eleven domestic and global banks, the corporate statement added.
Over the years, Ooredoo has grown rapidly through acquisitions in Kuwait, Saudi Arabia, Tunisia, Maldives, Algeria, Palestinian territories, Myanmar, Oman and Bosnia and Herzegovina.
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