Riyadh – Mubasher: Etihad Etisalat Company (Mobily) issued a clarification regarding media and social media reports circulated on 20 July 2026 concerning potential negotiations for the sale of its telecommunications tower infrastructure.

The company confirmed that preliminary discussions have taken place with Tawal to explore a possible acquisition of the tower assets.

The company stated that these talks have not resulted in the signing of any memorandum of understanding (MoU) or binding agreement, with the exception of a standard non-disclosure agreement required by the nature of such discussions.

Mobily further clarified that the current stage of negotiations does not impose any financial impact or legal obligations on the firm.

Management emphasized its commitment to transparency and stated it will disclose any material developments immediately in accordance with the Rules on the Offer of Securities and Continuing Obligations.

The announcement follows market speculation regarding the consolidation of tower assets within the Saudi Arabian telecommunications sector.

In the first half (H1) of 2026, Mobily generated 11.52% year-on-year (YoY) higher net profits at SAR 1.78 billion when compared to SAR 1.60 billion.