ETIHAD ETISALAT
7020
3.58%
47.75
1.65
7020
ZAIN KSA
7030
0.14%
13.82
0.02
7030
Etihad Etisalat (Mobily) announced, in a statement to the stock market that, further to its announcement published on Tadawul on December 2 regarding Mobily due receivable amounts resulted from the Service Agreement signed with Zain KSA , the arbitration panel has been officially established from two arbitrators from Mobily and Zain KSA together with a third arbitrator (the umpire) agreed between the two appointed arbitrators.
Zain KSA also said the two arbitrators appointed by the parties held a meeting and appointed a third arbitrator, with whom an agreement has been reached. With this appointment, the arbitration panel is fully formed.
The first hearing is scheduled for Saturday 21/2/1436 (13/12/2014), and during which the procedures that the arbitration panel will follow and the duration of arbitration will be agreed, according to the company’s statement.
Zain KSA also said the two arbitrators appointed by the parties held a meeting and appointed a third arbitrator, with whom an agreement has been reached. With this appointment, the arbitration panel is fully formed.
The first hearing is scheduled for Saturday 21/2/1436 (13/12/2014), and during which the procedures that the arbitration panel will follow and the duration of arbitration will be agreed, according to the company’s statement.
Source:
Mubasher