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Market: Tadawul Symbol: 7020 ISIN:SA000A0DM9P2 Industry: Telecommunication

Etihad Etisalat (Mobily) was established in 2004, as the winning bidder for Saudi Arabia’s second Global System for Mobile communications (GSM) license. The launch of Mobily provided choice in national mobile telecommunications services to the Saudi population for the first time. It attracted over one million subscribers in its first 90 days of operation in 2005, having ended a monopoly in the wireless industry. It continued its rapid rise in 2006, the same year it launched 3.5G services, being named the Middle East and North Africa’s fastest growing mobile operator. 4G services were launched in 2011 and 5G services in 2019. The Company serves its diverse customer base across the Kingdom – made up of individuals, business and carriers – with integrated telecommunications services. It does so by leveraging its modern wireless network, which is among the largest by coverage in Saudi Arabia and the Middle East, as well as through one of the region’s widest fiber-to-the-home (FTTH) networks and one of the largest data center systems worldwide.

Share data 15/07/2024
Currency SAR Volume Traded 967,127
Previous Close 53.00 Number of Shares (million) 770.00
Change (%) -0.19 Market Cap (million) 40,810.00
Key Figures (SAR million) 2023 2022 2021
Income Statement      
Revenues 16,763 15,717 14,834
Gross profit 9,452 9,381 8,672
EBITDA 6,625 6,179 5,581
Net profit 2,232 1,657 1,072
Balance sheet      
Total assets 38,817 38,178 39,364
Total liabilities 21,195 21,820 24,168
Total shareholders’ equity 17,623 16,359 15,196
Cash Flow Statement      
Net cash from operating activities 5,771 5,684 4,729
Net cash from investing activities (2,023) (3,406) (2,916)
Net cash from financing activities (2,922) (2,501) (1,692)
Cash and cash equivalents 1,654 828 1,051
Key Indicators      
Basic and diluted Earnings per Share (Saudi Riyals) 2.90 2.15 1.39
Net profit margin (%) 13.32 10.54 7.22
Cash Dividends (Saudi Riyals) 1.45 1.15 0.85