Company Insights Mobily Telecoms Mobily Overview Mobily is a Saudi Arabian telecoms provider, offering comprehensive fixed line, mobile and internet solutions. Mobily was established in 2004 and won the bid for the country’s second Global Systems for Mobile Communications (GSM) licence. In 2008 it bought licensed data service provider Bayanat al-Oula and local internet and data communication provider Zajil. Mobily says it focuses on driving digital transformation and connectivity across Saudi Arabia. It owns 66 percent of the Saudi National Fiber Network, one of the world’s largest fiber-optic networks. The company says it has achieved rapid subscriber acquisition, pioneered 3.5G and 4G services and is recognised as a leading regional operator. The UAE’s Etisalat holds a 27.45 percent stake. Subsidiaries include National Company for Business Solutions, Mobily Ventures Holding, Etihad Fintech Company and Mobily Infotech India Private. Mobily News Finance International investors target Saudi IPOs and smaller caps Emerging market investors are increasingly targeting Saudi Arabia’s smaller listed companies and initial public offerings, because of their better stock price performance versus their bigger peers. Since early 2020, foreign investors have been net buyers of almost $34 billion of Saudi Arabian equities, a report by the Dubai-based consultancy Iridium Advisors has revealed. Much of […] March 24, 2025 Tech $5bn Neom data centre latest deal announced at Leap Saudi Arabia’s $500 billion futuristic giga-project Neom has signed a $5 billion deal to develop what it claims will be the world’s first fully sustainable data centre. The agreement was signed with the Saudi IT and technology company DataVolt. The data centre will be located at Oxagon, with the first phase having a capacity of […] February 11, 2025 Telecoms First Saudi Arabia-to-Egypt subsea cable announced Mobily and Telecom Egypt have signed an agreement to lay the first subsea cable between Saudi Arabia and Egypt, the companies announced in a joint press statement on Monday. The new cable will connect the Red Sea resort of Sharm El Sheikh with the Saudi city of Duba. Egypt already has landing points for 18 […] November 5, 2024 Video length: 05:57 Analysis Artificial Intelligence UAE data centres struggling to meet AI demand The UAE has the largest concentration of data centres in the Middle East and North Africa, but it is grappling with a capacity crunch. A surge in demand from the artificial intelligence sector is putting a strain on existing infrastructure, driving up costs and posing a challenge to future growth, industry experts have told AGBI. […] October 16, 2024 Tech Amazon to invest $5.3bn in data centres in Saudi Arabia Amazon Web Services (AWS), the cloud division of Amazon, is to invest $5.3 billion (SAR20 billion) in establishing data centres in Saudi Arabia. The move will allow customers to run workloads and securely store customer content within the kingdom, as well as offer high-speed access to users. “Today’s announcement supports Saudi Arabia’s digital transformation with the […] March 5, 2024 Tech UAE’s e& ends talks with Saudi’s Mobily on stake increase The UAE’s e&, the telecommunications company formerly known as Etisalat, has terminated talks on a possible increase in its holding in Saudi-listed Etihad Etisalat Company (Mobily). “Following a period of engagement, a way forward to conclude the potential transaction could not be determined,” the telco said in a statement published on the Abu Dhabi stock […] December 29, 2023 Posts navigation
Finance International investors target Saudi IPOs and smaller caps Emerging market investors are increasingly targeting Saudi Arabia’s smaller listed companies and initial public offerings, because of their better stock price performance versus their bigger peers. Since early 2020, foreign investors have been net buyers of almost $34 billion of Saudi Arabian equities, a report by the Dubai-based consultancy Iridium Advisors has revealed. Much of […] March 24, 2025
Tech $5bn Neom data centre latest deal announced at Leap Saudi Arabia’s $500 billion futuristic giga-project Neom has signed a $5 billion deal to develop what it claims will be the world’s first fully sustainable data centre. The agreement was signed with the Saudi IT and technology company DataVolt. The data centre will be located at Oxagon, with the first phase having a capacity of […] February 11, 2025
Telecoms First Saudi Arabia-to-Egypt subsea cable announced Mobily and Telecom Egypt have signed an agreement to lay the first subsea cable between Saudi Arabia and Egypt, the companies announced in a joint press statement on Monday. The new cable will connect the Red Sea resort of Sharm El Sheikh with the Saudi city of Duba. Egypt already has landing points for 18 […] November 5, 2024
Video length: 05:57 Analysis Artificial Intelligence UAE data centres struggling to meet AI demand The UAE has the largest concentration of data centres in the Middle East and North Africa, but it is grappling with a capacity crunch. A surge in demand from the artificial intelligence sector is putting a strain on existing infrastructure, driving up costs and posing a challenge to future growth, industry experts have told AGBI. […] October 16, 2024
Tech Amazon to invest $5.3bn in data centres in Saudi Arabia Amazon Web Services (AWS), the cloud division of Amazon, is to invest $5.3 billion (SAR20 billion) in establishing data centres in Saudi Arabia. The move will allow customers to run workloads and securely store customer content within the kingdom, as well as offer high-speed access to users. “Today’s announcement supports Saudi Arabia’s digital transformation with the […] March 5, 2024
Tech UAE’s e& ends talks with Saudi’s Mobily on stake increase The UAE’s e&, the telecommunications company formerly known as Etisalat, has terminated talks on a possible increase in its holding in Saudi-listed Etihad Etisalat Company (Mobily). “Following a period of engagement, a way forward to conclude the potential transaction could not be determined,” the telco said in a statement published on the Abu Dhabi stock […] December 29, 2023
