12 Nov 2010
(MENAFN) UAE telecoms group Etisalat announced in a statement on the bourse website that it will create an $8 billion bond program, split between a $7 billion global medium-term note (GMTN) program and a $1 billion sukuk program, which will allow it to issue conventional or Islamic bonds when needed, Reuters reported.
Etisalat, which is eyeing a stake in Kuwait’s Zain is covering the cost of its planned 46 percent acquisition by taking out loan facilities worth $12 billion from a club of around 12 banks, said the company.
The UAE-based telecom company, which operates in 18 countries including Egypt and India, derives 85 percent of its income from domestic operations in the United Arab Emirates.
24 May 2023
Empowering Success: BBK and BIBF honor 24 graduates of the BBK’s Women on Board Programme
16 Mar 2023
BBK partners with Four Seasons Private Residences Bahrain Bay to offer ownership financing for 112 waterfront homes.
01 Mar 2023
You could be the next lucky winner.. BBK: BD 1.9 million prizes from Al Hayrat this year