Mobily refinances existing debt with $1.28bn Murabaha facility from SNB

Mobily refinances existing debt with $1.28bn Murabaha facility from SNB

RIYADH: Telecommunications giant Etihad Etisalat Co. has signed an SR4.8 billion ($1.28 billion) Murabaha financing agreement with Saudi National Bank to partially refinance its debts. 

The company, also known as Mobily, said that the seven-year deal does not include any mortgages or financial guarantees, according to a Tadawul statement. Mobily refinances existing debt with $1.28bn Murabaha facility from SNB