Emirates Integrated Telecommunications (Du) announced its signing of a long-term funding agreement with a group of AED 3.77 million.
The company said in a statement to Dubai Financial Market on Tuesday that funding includes two types of credit facilities, where the first type is in a renewed credit facility of AED 1.98 million For 5 years, the second facilitates a loan worth AED 1.79 million for 7 years.
The company's profits fell 28% in the first quarter of this year; To reach AED 257.1 million, compared to AED 355.1 million profits of the same period from 2020.
