Loans Worth QR 181bn Signed by Ooredoo!

Ooredoo has signed three “Commodity Murabaha” facilities for QR1.81bn ($498mn) with three local banks. The three facilities of nearly QR604mn ($166mn) 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.