Wednesday 26 November 2014
 
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Mobily

Mobily suspends CEO after earnings debacle

Saudi Arabia's Etihad Etisalat (Mobily) has suspended its chief executive Khalid Al-Kaf, the kingdom's No 2 telecom operator by subscribers said on Sunday. The company's decision, effective from November 21, follows er

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Mobily inks submarine cable supply contract

Saudi-based telecom operator Mobily has signed a key supply contract with NEC Corporation to implement the S1H segment, representing the Thailand-to-Vietnam-and-Hong Kong section of the network. Mobily said it had signed the contract in

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Mobily shares hit 32-month low

Shares in Saudi Arabia's Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily's shares were down

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Mobily shares hit 32-month low

Shares in Saudi Arabia's Mobily tumbled for a fourth trading day on Sunday after the company scrapped its third-quarter dividend following its shock restatement of 18 months of earnings last week. Mobily's shares were down

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Mobily scraps Q3 dividend after earnings error

Saudi Arabia's Etihad Etisalat (Mobily), which has seen its share price fall by the daily limit for three straight days since reporting an accounting error on Monday, said it would not distribute a dividend for the third quarter.

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Mobily to provide communications network to KAEC

Mobily, one of Saudi Arabia’s leading telecommunications company, will be providing its services to King Abdullah Economic City (KAEC), through the communications network project in the KAEC. This comes as part of the active

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Mobily will soon return to growth says Etisalat

Etisalat is confident Saudi Arabia's Mobily will return to growth soon after the affiliate restated 18 months of profits this week, the UAE telecom operator said on Thursday. On Monday, Mobily stunned investors by announcing i

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Etisalat cuts profit by $44m over Mobily accounting

Etisalat will cut its profits by Dh162 million ($44 million) because of the decision by its Saudi Arabian affiliate Mobily to restate 18 months of earnings, the Abu Dhabi-based firm said on Wednesday. The United Arab Emirates'

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Saudi regulator probes Mobily after earnings errors

Saudi Arabia's bourse regulator launched an investigation into Mobily on Monday after the telecoms firm restated a year and a half of its earnings, months before the kingdom is due to open its stock market to direct foreign investment.

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Saudi regulator probes Mobily after earnings errors

Saudi Arabia's bourse regulator launched an investigation into Mobily on Monday after the telecoms firm restated a year and a half of its earnings, months before the kingdom is due to open its stock market to direct foreign investment.

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