30 Jun 2014
(MENAFN) Saudi Mobily has signed a USD200 million vendor financing agreement with Canada export credit agency or Export Development Canada (EDC) with no corporate guarantee, according to Arab News.
The purpose of the Shariah-compliant financing is to acquire telecommunications equipment from Alcatel-Lucent to upgrade/enhance the network.
The loan will be repaid in 17 semi-annual equal installments, and has been priced at a fixed rate of 2.52 percent per annum with a 3 percent upfront premium.
12 Nov 2024
BBK partners with Durrat Al Bahrain to offer exclusive financing for Jawhart Al Marjan
05 Nov 2024
As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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