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BRIEF-Saudi Telecom board approves establishment of $500 mln independent fund
May 25, 2017 / 5:56 AM / 4 months ago

BRIEF-Saudi Telecom board approves establishment of $500 mln independent fund

May 25 (Reuters) - Saudi Telecom Company:

* Board approves establishment of independent fund of $500 million

* Says fund to be financed by five equal tranches, each tranche will be $100 million in self-financing from co’s sources

* Says move is in line with Co’s strategy to diversify its investments Source text for Eikon: Further company coverage: )

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