Nawras secures $51m loan

Omani telco signs revolving credit facilities for capex requirements
Nawras signs revolving credit facility

Share

Omani telecom operator, Nawras, has signed two additional bilateral revolving credit facility agreements totalling OMR 20 million ($51.9m) with three-year tenure, for capital expenditure and working capital purposes.

The additional bilateral revolving credit facility agreements with HSBC Bank Oman S.A.O.G and Qatar National Bank S.A.Q Oman follow a competitive selection process that included 24 national and international banks, the telco said in a statement.

In January, Nawras signed a financing agreement worth $182 million with a five-year tenure, for capital expenditure and working capital requirements.

REGISTER NOW | Webinar Event | Security you can bank on – Safeguarding the Middle East’s financial sector

Presented in partnership with security and network specialist Cybereason, the second in the three part webinar series will bring together a panel of experts to discuss how banks and financial institutions are evolving their service offering while simultaneously staying one step ahead of the cyber criminals who seek to bring their operations crashing to the ground.

Editor's Choice

Emerson expands analytics platform for industrial enterprise-level wireless infrastructure management
Plantweb Insight platform adds two new Pervasive Sensing applications that manage wireless networks more efficiently with a singular interface to the enterprise
Digitalisation seen as a competitive advantage by Middle East private businesses
Nearly 80 per cent of private business leaders acknowledge that digitalisation can impact business sustainability
Etisalat introduces Multi-Access Edge Computing architecture delivering best-in-class video streaming performance for 5G networks
MEC architecture achieves performance gains of as much as 90% in video streaming, validating how ultra-low-latency applications will be delivered over 4G and 5G networks

Most popular

Don't Miss a Story