Sunday, 23 November 2008 | 19:18 UAE time
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
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
W
COMPANY OVERVIEW
| Ownership | Type | Established on | Employees |
|---|---|---|---|
| Public | Joint stock | 10 Aug 2004 | - |
MAJOR SHAREHOLDERS
| Name | Country |
|---|---|
| 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
| Name | Country |
|---|---|
| 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 DIRECTORS | Position |
|---|---|
| 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 |
| MANAGEMENT | Position |
| 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 |
MOST POPULAR NEWS STORIES
LATEST FINANCIAL JOBS
- Head of Consumer Lending, Qatar, Qatar
- Finance Manager, UAE, UAE
- Financial Controller, Dubai, UAE
- Senior Accountant, Dubai, UAE
- Senior Equity Trader, Abu Dhabi, UAE
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.
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