Qatari operator Ooredoo has secured three murabaha facilities for a combined US$498m.
The three Islamic loans have a value of US$166m each, will mature in a year and will be used for general corporate purposes, the company said in a statement.
Qatar…
Qatari operator Ooredoo has secured three murabaha facilities for a combined US$498m.
The three Islamic loans have a value of US$166m each, will mature in a year and will be used for general corporate purposes, the company said in a statement.
Qatar Islamic Bank, Masraf Al-Rayan and Barwa Bank arranged the transaction.
Late last year, Ooredoo inked a US$1.25bn five-year sukuk, its first-ever Islamic bond. Before that, in April, the incumbent had secured a four-year US$1bn revolving credit facility, which was arranged by 14 national and international banks.
Early this year, the company was awarded a licence to operate mobile services in Myanmar, several months after being declared a winner, alongside Norway’s Telenor in a hotly-contested auction.