Etihad Etisalat Co (7020)

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News

7 March 2019 02:53 PM 8 GCC telecom firms among top valuable brands in 2019

By: Mahmoud Gamal Abu Dhabi – Mubasher: Eight GCC telecommunications companies ranked among the world’s 300 top valuable telecoms operator brands in 2019, according to a recent study by Brand Finance. The UAE telecom operator Emirates …

Macroeconomics

26 February 2019 01:01 PM Mobily inks cooperation deal with Huawei

Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat Company (Mobily) has signed a contract with Chinese tech giant Huawei to develop the quality of the kingdom-based telecom firm’s services and reduce operating costs of networks. The deal was inked …

Companies Investments

24 February 2019 10:15 AM Mobily names Al Badran as new CEO

Riyadh – Mubasher: Etihad Etisalat (Mobily) on Sunday announced the appointment of a new CEO after its current one resigned. CEO Ahmed Abou Doma “will step down to make way for Engineer Salman Abdulaziz R. AlBadran as its new CEO,” Mobile said in …

Board of Directors

18 February 2019 05:07 PM Mobily turns to profit in Q4, trims loss in 2018

Riyadh – Mubasher: Saudi Arabia-based Etihad Etisalat Company (Mobily) on Monday reported turning a profit during the fourth quarter of 2018, along with trimming losses by 83% during the whole fiscal year of 2018. Mobily’s net profits after …

Financial Results

5 December 2018 10:53 AM Mobily wins $291m facility via global lenders

Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat Company (Mobily) on Wednesday has announced signing a ten-year financing contract with Swedish Export Credit Agencies (ECA) and Finnvera ECA at a value of SAR 1.09 billion ($291 million). The list …

Banking and Finance

11 November 2018 03:14 PM Mobily, STARS PLAY partner to provide recreation services to Saudis

Riyadh – Mubasher: Saudi Arabia's Etihad Etisalat Company (Mobily) has struck a partnership with US-based STARS PLAY in a bid to offer the most updated blockbuster productions of Bollywood and Hollywood through its platform. The platform includes …

Companies Investments

29 October 2018 02:11 PM Saudi telecom sector profits rise 11% in Q3 - Report

By: Thabet Shehata Riyadh – Mubasher: Saudi Arabia’ telecommunication services sector’s profits increased by 11% year-on-year in the third quarter of 2018, supported by strong financial results of Mobile Telecommunication Company Saudi …

Sector Reports

22 October 2018 05:53 PM Mobily mulls adopting 5G network – CEO

Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat Co (Mobily) is considering launching 5G network and its relevant technologies, Ahmed Abou Doma, CEO of Mobily, said. The telecommunication company’s net debt declined by SAR 2.03 billion from 2016 …

Companies Investments

21 October 2018 05:05 PM Mobily narrows losses to SAR 30m in Q3

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) on Sunday reported a sharp decrease in losses by 82.3% for the third quarter of 2018. Net losses amounted to SAR 30.9 million in the three-month period ended September, compared to SAR 174.5 …

Financial Results

15 October 2018 05:01 PM Mobily, Ericsson ink deal to Saudise IT services

Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat “Mobily” on Monday signed a contract with Ericsson to Saudise information technology (IT) services and improve their quality across the kingdom. The deal will support Mobily’s role in boosting …

Companies Investments

4 October 2018 06:25 PM CITC fines 3 Saudi telecom companies

Riyadh - Mubasher: The Saudi Communications and Information Technology Commission (CITC) has fined three telecom companies. Fines with a total value of SAR 14 million has been imposed on Saudi Telecom Company (STC), Etihad Etisalat (Mobily), and …

Taxes

17 September 2018 04:19 PM STC, Mobily win 10-yr contract in Riyadh buses Project

Riyadh – Mubasher: Arriyadh Development Authority (ADA) has awarded Saudi Telecom Company (STC) and Etihad Etisalat Company (Mobily) 10-year contracts for the operation, maintenance, and the interconnection of Riyadh buses Project. Under the …

Companies Investments

14 August 2018 05:19 PM 40 Tadawul-listed firms end Q2 down

By: Thabet Shehata Riyadh – Mubasher: Forty companies listed on the Saudi Stock Exchange (Tadawul) registered losses during the second quarter of 2018. Total losses reached SAR 994.46 million ($265.2 million) in Q2-18, according to Mubasher's …

Financial Results

31 July 2018 01:03 PM Nasdaq Dubai to launch equity futures for 12 Saudi firms in September

Riyadh – Mubasher: Nasdaq Dubai on Tuesday has said that it will launch equity futures for 12 Saudi companies in September. The firms include the Saudi Basic Industries Corporation (SABIC), Kayan Petrochemical Company, Saudi Electricity Company …

Management Decisions

23 July 2018 04:31 PM Mobily narrows losses on higher revenues in Q2

Riyadh – Mubasher: Etihad Etisalat Co. (Mobily) on Monday reported a sharp decrease in losses for both the second quarter and first half of 2018. The Saudi mobile operator registered SAR 78.6 million ($20.95 million) in losses between April and …

Financial Results

29 April 2018 02:50 PM Mobily stock hits 7M high Sunday

Riyadh – Mubasher: Saudi Arabia-based Etihad Etisalat Co.’s (Mobily) stock on Sunday increased 6.9% to SAR 17.44, registering its second highest growth in 2018 by 2:28 pm KSA time on the Saudi Stock Exchange (Tadawul). The stock also hit its …

Trading Activities

22 April 2018 05:10 PM Saudi Mobily trims losses by 43% in Q1

Riyadh – Mubasher: Etihad Etisalat Co. (Mobily) on Sunday reported a 42.94% year-on-year decrease in its net losses for the first quarter of 2018. Mobily’s net losses amounted to SAR 93 million during Q1-18, compared to SAR 163 million in Q1-17, …

Financial Results

15 April 2018 03:31 PM Saudi Mobily launches 5G trial for the 1st time in KSA

Riyadh – Mubasher: Etihad Etisalat Co. (Mobily) announced launching fifth-generation (5G) wireless technology in Riyadh Gallery mall for the first time in the kingdom. The 5G technology trial is part of Mobily’s plans to upgrade its technical …

Companies Investments

20 March 2018 03:50 PM Mobily, Ericsson to launch 1st programme IoT in Saudi Arabia

Riyadh – Mubasher: Saudi Arabia’s Etihad Etisalat (Mobily) has signed an agreement with Ericsson to launch the first world programme for the internet of things (IoT) in Saudi Arabia. The main purpose of the programme to boost interactions between …

Corporate Actions

5 March 2018 05:32 PM Saudi telecom sector profits hike 29% in Q4

By: Thabet Shehata Riyadh – Mubasher: Net profits of the three firms listed on the Saudi Stock Exchange's (Tadawul) telecommunication services sector surged 29% in the fourth quarter of 2017, compared to the year-ago period. Companies’ net profits …

Financial Results

4 March 2018 09:40 AM Mobily, Nokia to begin 5G tests in Saudi Arabia

Riyadh – Mubasher: Etihad Etisalat (Mobily) has announced signing a memorandum of understanding (MoU) with Nokia Co to begin fifth generation (5G) tests in its home country Saudi Arabia. Mobily CEO Ahmed Aboudoma and Nokia’s chief customer …

Companies Investments

27 February 2018 00:50 PM Saudi Mobily, Huawei ink MoU to trial 5G in KSA

Riyadh – Mubasher: Etihad Etisalat Company (Mobily)  has signed a memorandum of understanding (MoU) with Huawei to trial fifth generation (5G) wireless network for the first time in Saudi Arabia. The deal was signed on Monday, 26 February on the …

Corporate Actions

14 February 2018 11:08 AM Mobily's loss rises 4.13% in Q4-17

Riyadh – Mubasher: Etihad Etisalat Company (Mobily) on Wednesday said its net loss increased by 4.13% to 158.83% year-on-year during the fourth quarter of 2017. The company's losses amounted to SAR 181.7 million in Q4-17, compared to SAR 70.2 …

Financial Results

12 February 2018 11:03 AM Mobily improves service quality through acquiring fresh frequency bands

Riyadh – Mubasher: Etihad Etisalat (Mobily) on Monday announced that it has acquired additional spectrum in the frequency bands of 800MHz and 1800MHz through its participation in an auction. The auction was conducted by the Communications and …

Companies Investments

24 December 2017 00:12 PM Mobily, Virtustream ink cloud computing services deal

Riyadh – Mubasher: Saudi Arabia-based Etihad Etisalat Co. “Mobily” signed an agreement with Virtustream to develop cloud computing services in the Kingdom. Virtustream is a subsidiary of Dell Technologies business and Dell EMC. Mobily will provide …

Corporate Actions