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MTC agrees $7.4bn loans
- Kuwait: Saturday, September 08 - 2007 at 10:34
Kuwait's Mobile Telecommunications Company (MTC) has signed two shariah compliant syndicated loan deals worth a total of $7.4bn, reported Reuters citing banking sources. MTC has agreed a two year Murabaha facility worth $4.9bn to help pay for its successful $6.1bn capture of Saudi Arabia's third mobile licence. MTC has also signed for a $2.5bn Murabaha facility to help refinance a previous $1.2bn Islamic loan set up last December.
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Jonathan Sheikh-Miller, Deputy EditorSaturday, September 08 - 2007 at 10:34 UAE local time (GMT+4)
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