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FINANCIAL NEWS
UAE’s Etisalat inks USD4 b loan deal
28 Apr 2014
(MENAFN) UAE telecom operator Etisalat has recently signed a USD4.836 billion deal on a loan with 17 banks, according to the Emirates 24/7.
The company plan to fund its purchase of Vivendi stake in Maroc Telecom through the loan.
Etisalat agreed to purchase 53 per cent stake in Vivendi’s for USD5.393 billion in 2013, as well as a USD414.91 million dividends from the Moroccan firm in 2012.
The company could make an 11 percent growth in its net profit in the first quarter in 2014 reaching USD 544 million.
More News
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BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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