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
|
19/12/2024 |
Currency |
SAR |
Volume Traded |
1,644,228 |
Previous Close |
52.30 |
Number of Shares (million) |
770.00 |
Change (%) |
-0.19 |
Market Cap (million) |
40,271.00 |