The UAE will host Expo 2020!
  • Arabic
Supported by the UAE National Media Council
We are in the process of developing and improving our website, and we invite you to participate in our brief survey to measure the level of your satisfaction
Satisfaction Survey For UAE Interact Website
رغبة منا بالتعرف على مستوى رضاكم عن موقعنا وبهدف تطويره وتحسينه، فقد قمنا بتصميم استبيان سريع لقياس مدى الرضا عن موقع دولة الإمارات العربية المتحدة روعي في تصميم الاستبيان أن يكون قصيرا وسريعا كي لا نطيل عليكم، وعليه نرجو منكم التكرم باستكماله عن طريق الرابط التالي
استبيان رضا المتعاملين عن موقع دولة الإمارات العربية المتحدة

Thuraya secures Multi-million dollar long-term financing

posted on 22/06/2013: 3044 views

Thuraya Telecommunications Company, a leading mobile satellite services operator, has announced a long-term financing facility from Dubai Islamic Bank (DIB). Thuraya will use the proceeds to upgrade its network infrastructure and to support further development and expansion of its product portfolio, including the highly successful Thuraya SatSleeve satellite adaptor for smartphones.

"We are pleased to have secured this financing and entering into a long-term relationship with DIB," said Samer Halawi, Chief Executive Officer of Thuraya. "This will help us strengthen our position as a leading MSS operator and provide the Company with additional financial flexibility to develop our next generation gateway and upgrade our network capacity. It also provides us with the breadth that supports our sustainable growth strategy as well as new business opportunities in key and emerging markets." Dr Adnan Chilwan, Deputy Chief Executive Officer of DIB, said, "The renewed growth in the UAE economy and a positive outlook in the region, have prompted large corporations to once again invest in their infrastructure in order to capitalise on the new market opportunities. DIB is perfectly positioned to play its traditional role of supporting the growth and development of businesses in the UAE. Our strength and expertise enables us to structure complex financing deals tailored to the specific needs of our customers. This makes DIB the preferred partner for fuelling the growth of progressive companies like Thuraya." - Emirates News Agency, WAM


22 June 2017 Thuraya IP M2M Service launched to connect the Internet of Remote Things
17 May 2017 Thuraya launches dual mode satellite and LTE hotspot
30 January 2017 Thuraya to showcase Connected Ambulance at Arab Health 2017
12 January 2017 Thuraya boosts ITU disaster preparedness and response efforts
20 October 2016 Thuraya, Ooredoo Maldives sign deal to provide fisheries

Most Read