INSEAD Day 4 - 728x90

Business

DIB H1 net profit $1bn

Gross revenue increased 10% year on year

SIB H1 profit up 15.3%

Total operating income rises 20.5 percent.

flydubai Aleppo flights resumed

The flights were resumed after nearly 14 years.

Samsung biggest chip investor

The tech giant invested nearly $59.2bn in 2025.

flynas to set up new hub

Five destinations in first phase of operations.

Etisalat to up stake in Mobily

By TRENDS Desk
March 16, 2022 4:15 pm
  • Etisalat Group currently holds a 28-percent stake in Saudi-listed Mobily and it plans to see this going up to 50 percent
  • The Abu Dhabi-based firm, formally known as Emirates Telecommunication Group Co., has proposed a price of SR47 per share ($12.5)

In order to expand its market size in Saudi Arabia, the UAE-based telecom firm Etisalat is looking to increase its stake in the Saudi subsidiary Etihad Etisalat Co., also known as Mobily.

Etisalat Group currently holds a 28-percent stake in Saudi-listed Mobily and it plans to see this going up to 50 percent.

The Abu Dhabi-based firm, formally known as Emirates Telecommunication Group Co., has proposed a price of SR47 per share ($12.5), a bourse filing revealed.

This comes as Etisalat aims to expand its footprint in the Kingdom, and “deepen the strong existing ties with Mobily.”

The move paves the way for further future collaboration between the two telecom giants, the statement said.

 

 

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INSEAD Day 4- 300x600
INSEAD Day 4- 300x600
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