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Ooredoo secures QR1.81bn in Islamic loans

: Thursday, May 15 - 2014 @ 10:09

Qatari telecoms group, Ooredoo has signed three Commodity Murabaha facilities for QR1.81bn ($498m) with three local banks, Gulf Times has reported. The three facilities of nearly QR604m ($166m) each were agreed with Qatar Islamic Bank, Masraf Al-Rayyan and Barwa Bank. They have a tenor of one year and will be used for general corporate purposes, Ooredoo said.

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Thursday, May 15- 2014 @ 10:09 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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