Mobily shares suspended pending disclosure

13/05/2015 Argaam

Saudi Arabia’s financial regulator, the Capital Market Authority (CMA), said trading will be suspended on Etihad Etisalat Co. (Mobily) for two hours on Wednesday to allow the company to issue a disclosure.

 

The news comes on the back of a Wall Street Journal report citing unnamed sources, which suggested the mobile operator was planning to sell its telecom towers portfolio for as much as $2 billion to raise cash.

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