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Mobily to resume trading Thursday

Mobily to resume trading Thursday
Mobily
ETIHAD ETISALAT
7020
3.58% 47.75 1.65

Saudi Arabia's Capital Market Authority (CMA) announced that Mobily stock will resume trading as of Thursday, 5 March.

The market regulator took this decision after the telecom operator unveiled the reasons behind its net losses of SAR 913 million.

Sulaiman Al-Gwaiz, Mobily chairman, confirmed that the final financial results of 2014 reflect revisions that consider all precautionary measures to ensure the mitigation of future risks.