Middle East Economic Survey
VOL. XLVII
No 37
13-September-2004
TELECOMS
NCB And Samba Sign $2.77Bn Financial Guarantee For Etisalat Consortium
National Commercial Bank (NCB) and Samba Financial Group have signed a SR10.4bn ($2.77bn) Guarantee Facility Agreement with the Etisalat Consortium to cover 80% of the SR12.94bn ($3.45bn) license fee that it bid recently to win the kingdoms second GSM mobile license and third generation (3G) license (MEES, 16 August). The Saudi Communications and...
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