Al-Nakib: Al-Deera Signs US$ 53 Million Loan from Local & International Banks
Mr. Abdulwahab Ahmad Al Nakib Chairman & Managing Director of Al-Deera Holding Company (KSE:ALDEERA), said that the company has successfully concluded a syndicated three-year term loan valued at US$ 53 million with local regional and international banks; namely Standard Chartered Bank, Qatar National Bank, Abu Dhabi Investment Company, Commercial Bank of Kuwait, Commercial Bank International, HSBC Bank Middle East and National Bank of Oman.
ALDEERA Acquires 39% of FASTtelco in a Deal Arranged by UNIVEST Group: Al-Nakib: Al-Deera International Communications Co. acquires 39%
of FASTtelc
Mr. Abdulwahab Ahmad Al-Nakib Chairman and Managing Director of Al-Deera Holding Company (Ticker:ALDEERA) announced the completion of a transaction where Al-Deera International Communication Company successfully acquired 39 % of FASTtelco, a leading telecommunication service provider in the Kuwait market. This is deemed to be one of the most significant transactions in the telecommunication sector on the local level.
