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Mobily says does not require new financing
- Saudi Arabia: Wednesday, September 19 - 2012 at 10:49
Saudi Arabia's Etihad Etisalat (Mobily), the kingdom's second-largest telecoms operator by market capitalisation, has said it does not require any new financing following the signing of a SR10bn ($2.67bn), Shari'ah-compliant loan in February, Reuters has reported. "That was good enough for the time being. If the business required another financing, we will do so," Khalid al-Kaf, managing director of Mobily, told reporters on the sidelines of a company event.
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