(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
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.