In January2017, the UAE’s Emirates Telecommunications Corporation (Etisalat) raised its stake in Etihad Etisalat Co. (Mobily) to 27.99 percent from 27.45 percent.
|Deal Value||Method of Finance||Type||Status|
|Emirates Telecommunication Corp. - ETISALAT|
|Market Cap (Million SAR)||-|
|Etihad Etisalat Co. - Etihad Etisalat|
|Argaam Sector||Mobile Telecom Operators|
|Market Cap (Million SAR)||19,866.00|
|Expected date for Completion||-|
Mobily was incorporated on December 14, 2004, and is 35 percent owned by Etisalat.
* Mobily’s major shareholders are:
1- Emirates Telecommunications Corporation (Etisalat) (27.99 percent stake)
2- General Organization for Social Insurance (GOSI) (11.85 percent stake).