Reference to the announcement of Etihad Etisalat Co. (Mobily) of December 20, 2016 regarding the signing of credit facility agreement with the Alinma Bank (The Facility), Mobily would like to clarify that the Facility have the same arrangements as the ones of Mobily current facilities with the other banks (Pari passu). Noting that mobily have never delayied any payment of its debts since established.
It is worth mentioning that all Mobily current facilities with the other banks and with Alinma Bank do not include any security and that the terms and conditions of the Facility are in line with best financing practices for similar facilities and is Shariah Complient.
Mobily would like to thank Alinma Bank and all the company financiers for their confidence in its financial strength and ability to meet all its obligations.
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