Mobily set to vote on contracts, new business activities on April 19

Mobily shareholders are set to approve the interconnection and roaming services contracts signed with its major shareholder Emirates Telecommunications Corporation (Etisalat) at a total value of AED 35.8 million, when the company holds its general assembly meeting on April 19.

Shareholders will also approve amended articles No. (3) and (22) that have to do with increasing or decreasing the share capital by selling or purchasing stocks, the company said in a statement to the Saudi bourse.

Auditor and financial statements for FY15, as well as the board’s report, will be up for approval.

Shareholders will also discharge board members from liability for FY15 and will appoint a new auditor for fiscal year 2016.