Latest news with #Mobily
Argaam
6 days ago
- Business
- Argaam
Anmat wins Mobily contract worth up to SAR 50M
Anmat Technology Trading Co. secured a purchase order contract from Etihad Etisalat Co. (Mobily) with a maximum value of SAR 50 million, it said in a statement to Tadawul. The contract, signed on July 22, runs through May 15, 2028, and covers the construction and rehabilitation of wireless tower systems across Mobily sites, based on operational needs. Anmat expects the deal to begin positively impacting its revenue and profits from H2 2025 and throughout the contract period.
Argaam
23-07-2025
- Business
- Argaam
Mobily eyes revenue growth, up to 38% EBITDA margin: Acting CFO
Etihad Etisalat Co. (Mobily) is one of the few Saudi companies providing annual financial guidance, according to Acting CFO Ibrahim Al Tukhaifi, who said the company targets single-digit revenue growth and an EBITDA margin of 37% to 38% in Q3 2025. In an interview with Argaam, Al Tukhaifi said Mobily aims to maintain a net debt-to-EBITDA ratio of 1x and keep capital expenditure at 16%–18% of revenue, noting that H1 results reflect solid progress toward these targets and support long-term value creation for shareholders and stakeholders. He reported that Mobily delivered solid financial and operational results in Q2, with earnings growth driven by increased revenue across all segments and ongoing efficiency gains that supported EBITDA. Gross profit and EBITDA rose 10.3% and 10.5% year-on-year (YoY), respectively, as the enterprise segment expanded through new data centers and the consumer segment benefited from loyalty programs and strategic partnerships. He added that the carrier segment contributed by delivering tailored digital solutions to businesses and cloud providers. He pointed out that Mobily's mobile subscriber base reached 12.8 million by the end of Q2, marking a 5% YoY increase, while fiber subscribers totaled 289,000, supported by expanded service offerings and improved support channels, noting that the company has maintained a strong EBITDA margin over the past five years. The company's long-term investment strategy focuses on digital transformation and infrastructure upgrades, including 5G, IoT, data centers, and subsea cables, CFO added. During the period, Mobily launched the Red Sea Cable, the first fully Saudi-owned subsea cable, linking Saudi Arabia and Egypt, with the aim of enhancing digital connectivity between Asia, Africa, and Europe. Mobily secured new spectrum licenses to enhance network quality and capacity, with Al Tukhaifi stating that infrastructure investments will continue while the company maintains a healthy capital structure and delivers strong returns.
Zawya
23-07-2025
- Business
- Zawya
Saudi: Mobily generates nearly $426mln net income in H1-25, unveils dividends
Riyadh – 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 per share (EPS) rose to SAR 2.07 as of 30 June 2025 compared with SAR 1.69 in the same period a year earlier. The Saudi telecom operator generated revenue of SAR 9.60 billion during January-June 2025, which signaled a 6.60% increase from SAR 9.01 billion in the same six months (6M) a year ago. Second Quarter Results In the second quarter (Q2) of 2025, Mobily also witnessed a net profit growth of 25.56% to SAR 830 million from SAR 661 million in Q2-24. The company posted an 8.12% rise in revenue to SAR 4.82 billion during the April-June 2025 period when compared to SAR 4.46 billion in the same quarter a year ago. On a quarterly basis, Mobily registered an 8.21% increase in Q2-25 net profit from SAR 767 million in Q1-25 and the revenues were 1.06% higher than SAR 4.77 billion. Dividends The board members of Mobily decided, in 21 July 2025 meeting, to distribute a total of SAR 924 million as cash dividends for H1-25. The company will pay SAR 1.20 per share, accounting for 12% of the share par value, for 770 million eligible shares. Mobily announced the eligibility and distribution dates for H1-25 dividends as 31 July and 19 August, respectively. All Rights Reserved - Mubasher Info © 2005 - 2022 Provided by SyndiGate Media Inc. (
Zawya
23-07-2025
- Business
- Zawya
Saudi Mobily's capex hits $719mln in H1 2025: Report
The capital expenditure (capex) of Saudi-listed Etihad Etisalat Co. (Mobily) surged more than 285 percent in the first half of 2025 as it continues to build its infrastructure. Capex hit 2.7 billion Saudi riyals ($719.73 million) in the first six months of the year, compared to SAR 700 million a year ago, Mobily CEO Nizar Banabeela told CNBC Arabia. The telco spent SAR 566 million to enhance its infrastructure, develop frequency spectrums, and expand its 5G network in the second quarter of 2025, according to its financial statement. In November, Mobily and state-backed Telecom Egypt signed a cooperation agreement to land the first Saudi submarine cable linking Saudi Arabia and Egypt. The new cable, wholly owned by Mobily, will pass through the Red Sea, connecting Saudi Arabia and Egypt and opening the way for expansion and access to Europe through various connectivity options. Mobily reported a 26 percent year-on-year increase in net profit to SAR 830 million in the second quarter of 2025, with revenues rising 8.1 percent annually to SAR 4.8 billion. (Editing by Anoop Menon) (
Arab News
22-07-2025
- Business
- Arab News
Closing Bell: Saudi main index slips to 10,843
RIYADH: Saudi Arabia's Tadawul All Share Index slipped on Tuesday, as it shed 137.97 points, or 1.26 percent, to close at 10,843.20. The total trading turnover of the benchmark index was SR4.92 billion ($1.31 billion), with 25 of the listed stocks advancing and 231 declining. The Kingdom's parallel market, Nomu also dropped 340.01 points to close at 26,740.01. The MSCI Tadawul Index declined by 1.33 percent to 1,390.20. The best-performing stock on the main market was Sport Clubs Co., which debuted on the benchmark index on Tuesday. The firm's share price advanced by 24 percent to SR9.30. The share price of Tourism Enterprise Co. also rose by 6.25 percent to SR1.02. Riyadh Cables Group Co. saw its stock price climb by 1.92 percent to SR132.50. The share price of Fawaz Abdulaziz Alhokair Co., also known as Cenomi Retail, declined by 5.71 percent to SR29.38. On the announcements front, Etihad Etisalat Co., also known as Mobily, announced its net profit for the first half of the year reached SR1.59 billion, representing a 22.94 percent increase compared to the same period in 2024. In a Tadawul statement, Mobily attributed the rise in net profit to increased revenues across all business segments and its growing customer base. Mobily saw its stock price edge up by 1.90 percent to SR56.25. Saudi Automotive Services Co. said its net profit for the first half witnessed a year-on-year rise of 48.64 percent to SR33.98 million. According to SASCO, the rise in net profit was driven by a higher number of service stations, strong sales from its SASCO Palm and transportation segments, as well as an increase in the selling prices of diesel. The share price of SASCO rose by 1.48 percent to SR55. Dar Almajed publishes IPO prospectus Dar Almajed Real Estate Co. has published the prospectus for its initial public offering, which will list 90 million shares with a nominal value of SR1 each on the main market. The development follows the Kingdom's Capital Market Authority's approval for the company to float 30 percent of its SR300 million capital in March. The book-building process commenced on June 29 and will conclude on Aug. 4. The retail subscription period will run from Aug. 14 to 18. The company has appointed Saudi Fransi Capital as financial adviser, lead manager, institutional bookrunner, and underwriter for the IPO.
