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FINANCIAL NEWS
Saudi Mobily signs agreements to buy USD559 m equipment
28 Feb 2014
(MENAFN) Saudi Arabia”s Mobily has announced the signing of USD559 million export credit agency agreements to purchase equipment from Nokia Siemens Networks and Ericsson, according to Arab News.
The agreements, which were signed between Saudi Arabia”s Mobily and Swedish Export Credits Guarantee Board and the remainder with Export Credit Agency of Finland, are expected to be used over an 18-month period.
The company, an affiliate of Etisalat, will repay the loans in 17 semi-annual equal installments.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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