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FINANCIAL NEWS
Saudi Mobily invests USD5.8 billion over the following five years
18 Sep 2013
(MENAFN) CEO Khalid Al-Kaf of Etihad Etisalat (Mobily), the second mobile service provider in Saudi Arabia, announced that the company plans to provide more services and products after investing USD 5.8 billion in the following five years, according to Arab News.
Every year, the company invested USD1 to USD1.19 billion since it was first launched in 2004, while its investments’ volume reached USD14.4 to USD15.5 billion in 13 years, revealed Mr. Khalid.
The company owns 40 percent of the mobile market shares of Saudi Arabia, while it covers 92 percent of the kingdoms areas.
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