Riyadh – Mubasher: Etihad Etisalat (Mobily) signed on Monday an unsecured SAR 2 billion bilateral credit facility agreement with Alinma Bank.
The deal is in the form of "Bai Ajel," with a 10-year maturity period, according to a bourse filing on Tuesday.
The proceeds of this facility will be used to fund existing and future operating and capital expenditures of the company, the statement said.
The statement noted that signing this agreement is a strong vote of confidence in Mobily by the banking community.
