Mobily gets regulator’s approval to resume trading on November 4

04/11/2014 Argaam

Etihad Etisalat (Mobily), the second-biggest mobile phone company in Saudi Arabia, has got the approval of the Saudi Capital Market Authority, the market regulator, to resume trading of its shares on Nov 4 after it was suspended on Sunday, Nov 2, because the company did not disclose its results on time, CMA said in a statement.

 

Mobily, an affiliate of the United Arab Emirates’ Etisalat, said today that profit had dropped 41 percent to SAR 2.5 billion in the period ending Sept 30, according to Argaam.

 

CMA said it would investigate any irregularities by Mobily.

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