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FINANCIAL NEWS
STC repays 90 pct of its loan
14 Sep 2013
(MenaFn) Sources said that Saudi Telecom Company (STC) planned to repay 90 percent of its loan to its creditors, including HSBC Holdings, Deutsche Bank and Citigroup, of about USD1.2 billion, according to Gulf Daily News.
STC will sell its 8-percent share in its Indonesian unit Axis Telekom to repay the loan to its creditors in order to avoid potential losses of USD600 million.
Axis, XL, Axiata’s chief executive Hasnul Suhaimi said: “Not yet, we’re still in the negotiation process,” answering a question about the sale agreement.
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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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