Saudi’s Mo­bily signs for $533m credit fa­cil­ity

Kuwait Times - - BUSINESS -

DUBAI: Saudi Ara­bia’s Eti­had Eti­salat (Mo­bily) has signed to ob­tain a 2 bil­lion riyal ($533 mil­lion) credit fa­cil­ity from Alinma Bank, the telecommunications op­er­a­tor said in a bourse state­ment yes­ter­day. The fa­cil­ity is un­se­cured, and pro­ceeds will be used to fund ex­ist­ing and fu­ture op­er­at­ing and cap­i­tal ex­pen­di­tures, the state­ment said.

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