Feb. 12 (Bloomberg) -- Etihad Etisalat Co. rallied to its highest level in more than four years after a 10 billion-riyal ($2.7 billion) refinancing agreement with seven local banks.
The shares gained 2.1 percent to 60 riyals, the highest since October 2007, at the 3:30 p.m. closing in Riyadh. The stock has gained 14 percent this year.
Saudi Arabia’s second-largest phone operator known as Mobily refinanced three long-, medium- and short-term loans into one facility ranging between five and seven years.
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