Ooredoo Signs US$498 million Commodity Murabaha Facilities | Ooredoo corporate

Ooredoo Signs US$498 million Commodity Murabaha Facilities

14 May 2014 Qatar
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Ooredoo Q.S.C. ("Ooredoo") - Ticker: ORDS.QA, rated A2 Moodys / A- S&P / A+ Fitch, today announced the signing of three Commodity Murabaha facilities for a total of US$498 million.

The three facilities of US$166 million each were agreed with Qatar Islamic Bank, Masraf Al-Rayyan and Barwa Bank has a tenor of one year and will be used for general corporate purposes.

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