32 Days
Source:
الاقتصادية
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Mobily reports 8.5% Q2 net income rise
Etihad Atheeb Telecom "Mobily" reported an 8.5% increase in profits for the second quarter of 2026, reaching 901 million SAR. This growth was driven by an 8.5% rise in total gross profit to 2.84 billion SAR, alongside a 5.2% increase in quarterly sales to 5 billion SAR. The board approved a dividend of 1.07 billion SAR for the first half of 2026, equivalent to 1.4 SAR per share. CEO Nizar Banabila emphasized the company's plans to support digital banking activities and collaborate with Saudi startups to strengthen the local market.
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