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FINANCIAL NEWS
Saudi- Mobily net profit increases 11% in Q1
21 Apr 2013
(MENAFN) Saudi Arabia’s Mobily posted an 11-percent growth in its first quarter net profit, netting USD357 million, reported Arabian Business.
The telecom company attributed the growth to a rise in data streaming, and an increase in smartphones sales.
Mobily raked in USD1.5 billion in revenue for the first quarter, rising from USD1.3 billion a year earlier.
It’s worth mentioning that the fierce competition between operators has led to lower prices, despite the rise in instant messaging services, which operators fear is replacing traditional messaging.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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