Please wait...
GulfBase Live Support
- Oman's banking sector posts 8% growth in lending, deposits up 4.7%
- China's gold output up 1.39 % in 1st nine months of 2025
- Qatar National Bank launches first-of-its-kind Boat Finance
- Dubai Taxi Company posts 28% surge in Q3 on strong mobility demand
- Rising corporate debt not a major threat to Saudi banks: S&P
- Global experts discuss future of investment strategies at Bahrain event
- Agility Global Q3 profit up 21% on strong logistics demand
- Aramco executives stress AI's impact on materials science
- Abu Dhabi unveils vertiport network for air taxi operations
- AD Ports group charts course for hybrid human-AI workforce
14/02/2018 10:29 AST
Saudi Arabia's Etihad Etisalat (Mobily), the country's second-largest telecommunications operator, reported a widening quarterly loss on Thursday, partly blaming it on the introduction of internet calls and a decline in its customer base.
Net losses more than doubled to 181.7 million riyal ($48.45 million) in the three months to December 31 from a loss of 70.2 million riyals a year earlier, it said in a statement to the Saudi bourse.
Revenue fell 2.8 percent to 2.83 billion riyals.
The results were in line with estimates from SICO Bahrain and NCB Capital.
Mobily linked its widening loss to the decline in revenue, impacted by a drop in the number of customers which it said was happening across the sector. It did not say how many customers it had lost in the period.
Mobily also said the unblocking of most VoIP applications had impacted revenue.
Saudi Arabia lifted in September 2017 a ban on online voice and video call services such as Microsoft's Skype and Facebook's WhatsApp.
Mobily, an affiliate of the United Arab Emirates' Etisalat , competes with Saudi Telecom (STC) and Zain Saudi. ($1 = 3.7503 riyals)
Reuters
26/03/2018
PRINCE Abdullah Bin Bandar, acting Emir of Makkah Province, and Eng. Maziad Alharbi, chief technology officer of Mobily, signed a strategic partnership agreement at the headquarters of the governorat
Saudi Gazette
21/03/2018
ETIHAD Etisalat 'Mobily' in cooperation with Ericsson are preparing an IoT world program to be the first of its kind in the Kingdom that aims to create an interactive platform between university stud
Saudi Gazette
04/03/2018
Etihad Etisalat (Mobily), a leading telecom services operator in Saudi Arabia, has signed an agreement with Nokia Company to launch 5G tests for the first time in the kingdom.
The duo is c
Trade Arabia
| Ticker | Price | Volume |
|---|
12/11/2025
QNB has launched Boat Finance, a bespoke loan to finance boats up to QR2mn, offering an exclusive interest rate of 3.45% per annum (equivalent to 1.85% flat rate).
The loan finances both new
Gulf Times
12/11/2025
Dubai Taxi Company PJSC (DTC) reported a robust third-quarter performance, with net profit jumping 28 per cent year-on-year to Dh76.4 million, driven by higher trip volumes and sustained demand acros
Khaleej Times
12/11/2025
Agility Global, a multi-business owner, operator and investor, has reported a 21.1% rise in third-quarter EBIT which rose to $126.7 million, boosted by the completion of Menzies Aviation's acquisitio
Trade Arabia
12/11/2025
Senior Aramco executives have highlighted the transformational potential of artificial intelligence (AI), its role in overcoming long-established issues related to corrosion - and possibilities it pr
Trade Arabia
12/11/2025
In a move that signals a major shift in how industries approach talent, technology, and productivity, AD Ports Group has unveiled a visionary blueprint that reimagines the global workforce for the er
Khaleej Times
Financial Information Co.
Saudi Arabia