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STC Bahrain signs $186mln financing deal with ADIB, MUFG

November 16, 2021

STC Bahrain, a telecom company owned by Saudi Telecom, said it signed a $186 million five-year bullet payment loan with Abu Dhabi Islamic Bank and MUFG Bank.

The deal will provide the necessary liquidity to further invest in STC Bahrain’s ICT infrastructure and improve the company’s overall digital capabilities, the company said in a statement on Monday.

The company didn’t disclose the terms of the facility.