Arbitration panel closes case in Mobily-Zain Saudi dispute

02/10/2016 Argaam

Etihad Etisalat (Mobily) and Mobile Telecommunications Company Saudi Arabia (Zain Saudi) said that the arbitration panel has closed on Saturday the case brought forth by both companies. 

The panel will notify the companies of its verdict in due time, the telcos said in separate statements to the Saudi bourse.

The dispute between the operators dates back to 2008, when Mobily signed an agreement with Zain Saudi to provide site-sharing and domestic roaming services.

Mobily said Zain Saudi owed it SAR 2.2 billion as of Nov. 30, 2013 for the deal. Zain has previously denied the claims, stating that it only owes SAR 13 million.

The first arbitration session was held on Dec. 20, 2014. 


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