Mobily's next general meeting is' most crucial,' says lawyer

Mobily's next general meeting will be the most important since the company’s inception in 2004, ​said ​

Hesham Al Askar, the company​'s​ lawyer​.​

Shareholders will discuss the company’s accounting restatements, decisions relevant to the investigations, and the telecom operator's future outlook​, he told CNBC Arabiya in an interview this week.​

Mobily's general meeting is usually held in February, according to data available on Argaam.

The telecom operator, which is Saudi Arabia’s second largest, had suspended former chief executive Khalid Al-Kaf on Nov. 23, 2014 due to accounting errors and faulty financial statements.

Moreover, an arbitration committee is expected to hear a claim filed by Mobily against Zain Saudi, an affiliate of Kuwait Zain, on Feb. 7, according to Argaam.

Mobily is seeking to obtain SAR 2.2 billion from Zain over a 2008 deal signed between both companies in which Mobily agreed to provide its smaller rival with domestic roaming and site sharing services.