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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
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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