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MENAFN - 27/02/2014
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(MENAFN) Saudi Arabia's Mobily has signed an export credit agency agreements at USD560 million for the purchase of equipment from Nokia Siemens Networks and Ericsson, Arabian Business reported



The agreements included a USD280 million with the Swedish Export Credits Guarantee Board, while the rest were with Export Credit Agency of Finlan



The agreements signed have a tenor of 10 years and will be used over a year and a half



The company will repay the loans, which have a fixed interest rate of 2.4 percent a year, in 17 semi-annual equal installments

 


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