The Clap
The net profits of the Etihad Etisalat Company (Mobily) jumped by nearly 35% YoY during the previous year, reaching SAR 2.2 billion.
What
The company’s revenues grew in 2023, reaching SAR 16.7 billion compared to SAR 15.7 billion during the same period in 2022.
So What
Mobily achieved one of the highest levels of net profit and revenues among telecommunications service providers in Saudi Arabia during the past decade. This is a result of revenue growth across all company sectors and an expansion of the customer base.
Some context
Mobily witnessed growth in its net profits in Q4-23, increasing by 23% annually to nearly SAR 746 million.
