Page 21 - SAMENA Trends - Jan-Mar 2024

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Etihad Etisalat Co. (Mobily) Announces the

Signing of a Murabaha Financing Agreement with
the Saudi National Bank (SNB)

Etihad Etisalat Co. (Mobily) announces the restructuring strategy objectives. The Syndicated Murabaha amounting to SAR
signing of a Murabaha financing agreement agreement does not include any mortgages 5.333 billion. The Company’s financial
with the Saudi National Bank (SNB). This or financial guarantees. Working capital and operational achievements along
agreement, characterized by favorable financing in addition to an additional with its operational efficiency over the
terms and competitive interest rates, is medium-term Murabaha financing for past years are key drivers to achieve
for working capital financing, in addition the purpose of partial refinancing of the an investment-grade credit rating and
to an additional medium-term Murabaha Company's existing debt obligations. create an added value to its shareholders.
financing to facilitate the partial refinancing Mobily will use SAR 3.685 billion from the This agreement signifies the trust of the
of existing debt obligations and aligns with financing agreement to facilitate partial financial institutions’ partners in Mobily’s
Mobily's long-term financial and its capital refinancing of the Company's existing capabilities and strategies.

Etihad Etisalat Co. (Mobily) Announces an Update Regarding the Potential

Offer by Emirates Telecommunications Group Company to Increase Its
Shareholding in Mobily

With reference to the announcement made "Potential Offer"), pursuant to the Merger and prosperous partnership with Mobily,
by Etihad Etisalat Company ("Mobily") and Acquisition Regulations issued by witnessing positive advancements in
published on the Saudi Exchange website the Capital Market Authority (the "M&A Mobily’s business across all sectors.
on 13/8/1443H (corresponding to Regulations"). Mobily announces that Previous Announcement Etihad Etisalat
16/3/2022G) in respect of the approach it has received a letter from e& stating Company (Mobily) announces an approach
from Emirates Telecommunications the termination of discussion and not to by Emirates Telecommunications Group
Group Company P.J.S.C ("e&") to discuss pursue the potential transaction related to Company to discuss a potential offer by
increasing its shareholding in Mobily the possible increase in its shareholding Emirates Telecommunications Group
to 50% plus one share by means of a in Mobily. Simultaneously, e& confirmed in Company to increase its shareholding in
pre-conditional partial tender offer (the its letter that it takes pride in its enduring Etihad Etisalat Company (Mobily).

Omantel and CCED Seal Strategic Partnership to
Contribute to Oman's Energy Sector Transformation

Omantel, the leading provider of integrated
telecommunication and ICT services
in the Sultanate of Oman, has recently
announced a groundbreaking collaboration
with CC Energy Development (CCED), a
prominent oil and gas operator in Oman.
This strategic partnership marks the
initiation of a comprehensive Enterprise
Resource Planning (ERP) project aimed at
contributing to the further transformation
of the operational landscape of Oman's
energy industry. At the core of this
partnership is a multi-year contract. This
contract will witness Omantel deploying
cutting-edge cloud-based solutions across
CCED's financial, supply chain, and human

21 JANUARY-MARCH 2024