Mobily says its debt is fully shariah compliant

21/12/2016 Argaam

Etihad Etisalat Co.’s (Mobily) has said in a statement to the Saudi bourse that its credit facilities, which are shariah compliant, are always paid on time.

Mobily on Tuesday signed an unsecured SAR 2 billion credit facility agreement with Alinma Bank on Dec. 19, 2016.

The company stressed that it always fulfills the due payments on time, adding that approval for the credit facility shows the company’s strong financial position.


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