stc Bahrain signs a US 120 million competitive Murabaha financing deal with NBK Bahrain

stc Bahrain signs a US 120 million competitive Murabaha financing deal with NBK Bahrain

stc Bahrain, a world-class digital enabler, announced the signing of a USD 120 million 6-year Murabaha financing facility agreement with the National Bank of Kuwait – Bahrain (NBK). The deal is integral to stc Bahrain’s ongoing strategy to develop and enhance its existing infrastructure in Bahrain, positioning Bahrain as a global telecommunication and ICT leader and paving the way for innovation, and further digital transformation across the kingdom.

The agreement with the National Bank of Kuwait reflects the stc’s financial standing and forward-looking financial endeavor. confidence and trust in stc credit rating, as it is one of a series of deals that stc Bahrain conducted with other banks to maintain the company’s leading position and ongoing approach to continuously introduce innovative solutions and the latest technologies to the Kingdom.

On this occasion, Eng. Nezar Banabeela, CEO of stc Bahrain, said: “The agreement with NBK Bahrain is in line with stc Bahrain’s strategic vision of growth and continuous investment in the digital infrastructure of the Kingdom of Bahrain, this will enable us to enhance our customers’ lives by empowering them with the latest digital technologies, and empowering the next wave of connectivity within the Kingdom.”

He further added: “The signing of the Murabaha agreement