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Saudi Telecom receives $450m loan
- Saudi Arabia: Wednesday, January 09 - 2008 at 07:00
Saudi Telecom Co. has received a $450m loan from Al-Rajhi Bank to help fund an investment in Malaysia's Maxis Communications Sdn., reported Bloomberg. The loan from Al-Rajhi, the biggest bank in Saudi Arabia by market value, is for 10 years. Saudi Telecom is the largest Arab phone company.
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Jeff Florian, Senior ReporterWednesday, January 09 - 2008 at 07:00 UAE local time (GMT+4)
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