ArabianBusiness.com - Middle East Business News
Sunday, 23 November 2008 | 19:18 UAE time

COMPANY SEARCH:

COMPANIES

Etihad Etisalat Company

  • 22.55 Last
  • -1.65 (-6.83%) Today's Change
  • 24.98m Volume
  • 24.15-59.01 52 Week Range
  • -34.88 (-60.74%) 52 Week Change
As of 23 Nov 2008 12:29 GMT (Market Closed)

COMPANY DESCRIPTION

Mobily is Saudi Arabia's second telecommunications company and was the winning bidder for the Kingdom's second GSM licence, putting an end to Saudi telecom's monopoly in the wireless sector.

UAE telecom firm Etisalat owns 35% of Mobily, while 45% is held by six local partners and the remaining 20% was sold to the public in an IPO.

In May, the company announced plans to invest USD 641.6 million in improving services to individual and corporate customers. This will include a USD 401 million acquisition of Bayanat Al Oula, a local company licensed to offer Wimax services. By the end of 2008, Mobily investments in Saudi Arabia will exceed USD 1.9 billion.

KEY INFORMATION

Industry

Internet Service Providers, Mobile Network Operators

Address

Floor 28, Kingdom Tower, 9979, Riyadh, Saudi Arabia

T

966 1 2735050

F

966 1 2735700

E

info@mobily.com.sa

W

www.mobily.com.sa

COMPANY OVERVIEW

Ownership Type Established on Employees
Public Joint stock 10 Aug 2004 -

MAJOR SHAREHOLDERS

NameCountry
Abdulaziz Al Saghyir Commercial Investment Company Saudi Arabia
Aljomaih Holding Company Saudi Arabia
Binzagr Company Saudi Arabia
Etisalat International UAE
General Organization for Social Insurance Saudi Arabia
Public Pension Agency Saudi Arabia
Rana Investment Company Saudi Arabia
Riyadh Cables Group Saudi Arabia

PORTFOLIO

NameCountry
Bayanat Al Oula for Network Services Saudi Arabia
Mobily InfoTech India
Zajil International Telecommunications Company Kuwait
Zajil International Saudi Arabia Saudi Arabia

OFFICERS

BOARD OF DIRECTORSPosition
Abdulaziz Saleh Alsaghyir Chairman
Khalid Al Kaf Board Member
Mohammad Hassan Omran Board Member
Salim Al Sharhan Board Member
Ahmad Abdulkarim Julfar Board Member
Ibrahim bin Mohammad Al Seif Board Member
Saeid M. O. Binzagr Board Member
Abdulaziz Hamad Abdulaziz Aljomaih Board Member
Mazen Ibrahim Hassounah Board Member
Fahad Abdullah Mubarak Board Member
MANAGEMENTPosition
Khalid Al Kaf Chief Executive Officer & Managing Director
Thamer Mohamed Abdalla Ali Al Hosany Chief Financial Officer
Abdul Aziz I. S. Al Tamami Chief Operating Officer
David William Murphy Chief Marketing Officer
Mohammed Abdulla Basafi Chief Technical Officer - Network Operations
Ali Ahmed Saif Bin Yaroof Chief Technical Officer - Mobile Network Development
Ahamed Hassan Al Housani Chief Information Officer
Khalifa Al Shehhi Director - International Operations
Ahmed Al Hosani Marketing Director - Products & Services

LATEST FINANCIAL JOBS

  1. Head of Consumer Lending, Qatar, Qatar
  2. Finance Manager, UAE, UAE
  3. Financial Controller, Dubai, UAE
  4. Senior Accountant, Dubai, UAE
  5. Senior Equity Trader, Abu Dhabi, UAE

Browse all jobs »

Information correct at the time of publishing. If you are a representative of this company and want to update the details, please email updated information to financials@itp.com providing your name, designation and contact details. All markets data located on ArabianBusiness.com is subject to the ArabianBusiness.com Terms & Conditions. Content should be used for general information use only. Charts and statics display delayed intraday data. Share price information may be rounded up/down and therefore may not be entirely accurate Selected data supplied by Reuters Limited. Click for Restrictions.