Etihad Etisalat Co (7020)

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News

22 July 05:23 PM Mobily generates nearly SAR 1.6bn net income in H1-25, unveils dividends

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) achieved net profits worth SAR 1.59 billion in the first half (H1) of 2025. The net income marked a 22.94% growth from SAR 1.29 billion in H1-24, according to the income statements. The earnings …

Board of Directors

1 July 02:04 PM Ericsson launches new regional HQ in Riyadh

Riyadh – Mubasher: Ericsson has inaugurated its new regional headquarters (HQ) in Riyadh, supporting its operations across the Middle East and Africa (MEA) region, according to a press release. The event addressed the evolution of network …

Global Economy

23 April 01:30 PM Mobily logs SAR 767m profits in Q1-25

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) generated SAR 767 million in net profit during the first quarter (Q1) of 2025, up 20.21% year-on-year (YoY) from SAR 638 million. The company’s revenues increased by 5.10% to SAR 4.77 billion in …

Financial Results

19 February 02:37 PM Mobily’s profits leap 39% in 2024; dividends for H2-24 proposed

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) posted 39.20% higher net profits at SAR 3.10 billion in 2024, compared to SAR 2.23 billion a year earlier, according to the financial results. Revenues hiked by 8.61% to SAR 18.20 billion last …

Cash Dividends

13 February 06:31 PM Mobily unveils over SAR 3.4bn investment during LEAP 2025 to support Saudi digital infrastructure

Riyadh – Mubasher: Technology, media, and telecommunications (TMT) company Etihad Etisalat Company (Mobily), recently announced an investment of $905 million, equivalent to more than SAR 3.40 billion, in data centres and submarine cables. The …

Global Economy

11 February 07:15 PM LEAP 2025 continues groundbreaking deals with over $7.5bn in tech, AI investments

Riyadh – Mubasher: The global tech event LEAP 2025 witnessed a series of groundbreaking investments exceeding $7.50 billion in data centers, submarine, and fiber-optic cable networks. These investments are focused on enhancing digital …

Companies Investments

11 February 09:41 AM Ericsson, Mobily pen agreement at LEAP 2025 to drive digital ecosystem

Riyadh – Mubasher: Ericsson and Etihad Etisalat Company (Mobily) signed a memorandum of understanding (MoU) at the LEAP 2025 event to explore intent-driven autonomous networks. The two companies will review the development of advanced network …

Companies Investments

10 February 10:24 AM Mobily, Vodafone Business IoT pen partnership agreement at LEAP 2025

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) signed a cooperation agreement with Vodafone Business IoT, a subsidiary of the global Vodafone Group, during the LEAP 2025 conference. The joint deal aims to provide high-quality Internet of …

Event

1 December 2024 11:47 AM Mobily unveils key appointments

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) announced Abdulkarim Ibrahim Al Nafie as the board’s Chairman for the next three years. The board also named Nabeel Mohamed Al Amudi as Vice Chairman, according to a bourse filing. The two …

Corporate Actions

27 October 2024 11:18 AM Mobily records SAR 2.1bn profits in 9M-24; revenues up 8.5%

Riyadh – Mubasher: The net profits of Etihad Etisalat Company (Mobily) reached SAR 2.12 billion in the first nine months (9M) of 2024, higher by 43.13% than SAR 1.48 billion in 9M-23. The group posted revenues amounting to SAR 13.50 billion as of …

Financial Results

15 September 2024 00:29 PM Mobily to disburse SAR 693m dividends for H1-24

Riyadh – Mubasher: The board of Etihad Etisalat Company(Mobily) approved interim cash dividends amounting to SAR 693 million, equivalent to 9% of the capital, for the first half (H1) of 2024. Mobily will distribute a dividend valued at SAR 0.90 …

Board of Directors

23 July 2024 10:14 AM Mobily’s consolidated profit leaps 35% YoY in H1-24

Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) posted a 35.03% year-on-year (YoY) surge in consolidated net profit to SAR 1.29 billion in the first half (H1) of 2024 from SAR 962 million. Sales grew by 8.07% YoY to SAR 9.01 billion in H1-24 …

Financial Results

12 May 2024 11:03 AM Mobily’s consolidated profit jumps 37% YoY in Q1-24

Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) consolidated net profit surged 37.20% year-on-year (YoY) to SAR 638 million in the first quarter (Q1) of 2024 from SAR 465 million. Revenues grew 11.67% YoY to SAR 4.54 billion in Q1-24 from …

Financial Results

20 February 2024 06:18 PM Mobily’s consolidated net profit leaps 35% YoY in 2023

Riyadh – Mubasher: Etihad Etisalat Company’s (Mobily) consolidated net profit surged 34.70% year-on-year (YoY) to SAR 2.23 billion during the financial year 2023, versus SAR 1.65 billion. Revenues rose by 6.66% YoY to SAR 16.76 billion last year …

Financial Results

11 February 2024 11:40 AM Mobily mulls SAR 1.11bn dividends for 2023

Riyadh – Mubasher: The board of Etihad Etisalat Company (Mobily) recommended cash dividends amounting to SAR 1.11 billion for 2023. The firm will pay out SAR 1.45 per share for 770 million eligible shareholders, according to a bourse disclosure. …

Cash Dividends

18 January 2024 02:51 PM Mobily secures SAR 4.8bn financing from SNB

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) inked a Murabaha financing agreement with the Saudi National Bank (SNB) at a total value of SAR 4.80 billion for seven years. The Tadawul-listed firm secured the loan, on 17 January 2024, to …

Banking and Finance

27 November 2023 03:58 PM Banan Real Estate renews Oval building deal with Mobily

Riyadh – Mubasher: Banan Real Estate Company renewed the lease agreement with Etihad Etisalat Company (Mobily) for the Oval office building in Olaya district which is located in the capital of Saudi Arabia for five Hijri years. Upon the contract …

Companies Investments

22 October 2023 00:06 PM Mobily posts 41.5% leap in 9M-23 net profits

Riyadh – Mubasher: The net profits after Zakat and tax of Etihad Etisalat Company (Mobily) hiked by 41.39% to SAR 1.48 billion during the first nine months (9M) of 2023 from SAR 1.05 billion a year earlier. Mobily posted revenues amounting to SAR …

Financial Results

6 September 2023 01:45 PM Mobily’s fintech arm Mobily Pay signs 4 agreements at Seamless Saudi Arabia

Riyadh – Mubasher: Etihad Fintech Company (Mobily Pay), a wholly owned subsidiary of Etihad Etisalat Company (Mobily), concluded its participation in Seamless Saudi Arabia 2023 with the signing of four memoranda of understanding (MoU) with local …

Event

31 July 2023 03:06 PM Mobily sees higher profits in H1-23; revenues hit SAR 8.29bn

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) generated net profits after Zakat and tax worth SAR 962 million in the first half (H1) of 2023, an annual surge of 41.68% from SAR 679 million. Revenues climbed by 7.64% year-on-year (YoY) to SAR …

Financial Results

4 June 2023 09:37 AM Mobily’s shareholders greenlight SAR 885.5m dividends for 2022

Riyadh – Mubasher: The shareholders of Etihad Etisalat Company (Mobily) approved cash dividends amounting to SAR 885.50 million, which represents 11.50% of the capital, for 2022. Mobily will grant a dividend of SAR 1.15 per share on 21 June 2023, …

General Assembly

11 May 2023 00:02 PM Mobily logs SAR 465m profits in Q1-23 initial results

Riyadh – Mubasher: The net profits after Zakat and tax of Etihad Etisalat Company (Mobily) soared by 45.77% to SAR 465 million during the first quarter (Q1) of 2023. The higher net profits were compared with SAR 319 million in Q1-22, according to …

Financial Results

25 April 2023 10:17 AM Mobily announces major change in board membership

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has named Abdulkarim Ibrahim Al Nafie as the Chairman of the board, according to a bourse disclosure. Al Nafie succeeded Nabeel Mohamed Al Amudi, who discontinued his chairmanship due to personal …

Corporate Actions

20 February 2023 01:01 PM Mobily’s profits leap 54.5% in 2022; dividends recommended

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) registered SAR 1.65 billion in net profit after Zakat and tax in 2022, a hike of 54.57% from SAR 1.07 billion in 2021. Revenues increased by 5.63% year-on-year (YoY) to SAR 15.66 billion in the …

Board of Directors

6 February 2023 06:00 PM Mobily endorses partnership with Ericsson for Mobily Pay, AI solutions

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) has teamed up with Ericsson to launch Mobily Pay as a mobile financial service available to all the users in Saudi Arabia. Mobily Pay will allow conducting customised financial services such as …

Companies Investments