Tuesday, 02 January 2024 12:17 GMT

Qatar's Ooredoo signs USD500m loan contract


(MENAFN) Ooredoo, the Qatari telecommunication operator, announced the signing of a USD500 million loan deal allocated over five years, a corporate statement said, Arabian Business reported.

Ooredoo is set to invest the loan over unspecific business goals. The loan is granted by a collection of eleven domestic and global banks, the corporate statement added.

Over the years, Ooredoo has grown rapidly through acquisitions in Kuwait, Saudi Arabia, Tunisia, Maldives, Algeria, Palestinian territories, Myanmar, Oman and Bosnia and Herzegovina.


MENAFN

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.



More Story