| Home Page : Archive News : February 2015 News : WRAPUP 1-Saudi Mobily suffers 2014 loss, loan covenant breach | |
WRAPUP 1-Saudi Mobily suffers 2014 loss, loan covenant breach | |
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February 26, 2015 RIYADH/ DUBAI, Feb 25- Mobily's problems piled up on Wednesday after Saudi Arabia's second largest mobile operator said it made a $243 million loss in 2014, had breached covenants on long-term loans and removed its chief executive. Mobily-- officially known as Etihad Etisalat-- made a loss of 913 million riyals in 2014 after it took an additional charge of 1.13... Source: http://www.cnbc.com/id/102453733 |
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