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Zain KSA replies to Mobily’s documents

Zain KSA replies to Mobily’s documents
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ETIHAD ETISALAT
7020
8.48% 51.80 4.05
ZAIN KSA
7030
-12.30% 12.12 -1.70

Riyadh-Mubasher: Zain KSA on Tuesday submitted its response memorandum and accompanying documents to the secretary general of the arbitration panel as regards a dispute over the amounts owed by Zain to Mobily, the company said in a bourse statement.

Accordingly, the arbitration panel will determine the next hearing date and inform the parties through the secretary general.

Mobily has been in dispute with Zain over SAR 2.2 billion Mobily says it is owed under a contract by which the former would provide services, including domestic roaming and site sharing to the latter.