VOL. XLVII

No 16

19-April-2004

TELECOMS

TAIC Arranges $40Mn Islamic Loan For Sudan Telecom

Bahrain-based The Arab Investment Company (TAIC) announced on 13 April that it had arranged a $40mn Islamic loan for Sudan Telecommunication. The loan, which carries a two-year grace period, will be used to finance expansion and investment plans for Sudans state-owned telecommunications company.