Zain’s op­er­a­tions

Times of Oman - - MARKE -

“Some raised con­cerns about Zain’s op­er­a­tions in Su­dan. Much of it was down to the coun­try’s cur­rency value. Once it sta­bilises, we’ll do bet­ter. Still, we grew at 30 per cent in Su­dan, which is un­prece­dented,” he said. He added that he was not con­cerned about the re­pay­ment of the debt in­curred from Zain group.

“Oman­tel has re­ceived div­i­dends that will cover our requirements as far the year 2018 is con­cerned. So, this nul­li­fies the risk. Our in­ter­nal ca­pa­bil­ity to gen­er­ate cash flow is rea­son­ably good and we are not wor­ried. Also, we are pay­ing off our loans in a long term process. So, that gives us some breath­ing space,” Ma­mari fur­ther added.

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