Etihad Etisalat (Mobily)
Top 100 Companies in the Middle East 2021

SR.No: 34

Etihad Etisalat (Mobily)

Sector: Telecommunications

Date of Establishment: 2004
Country: Saudi Arabia
CEO: Salman Bin Abdulaziz Al Badran

Sales: $3.7 billion

Profits: $209 million

Assets: $10.2 billion

Market Value: $6.3 billion

In 2004, Mobily became the second mobile operator to launch in Saudi Arabia. Its major stakeholders are the Etisalat Emirates Group and the General Organization for Social Insurance, which own 27.9% and 6.9%, respectively. In 2020, the company recorded profits of $208.9 million compared to $8.3 million in 2019. In January 2021, Mobily collaborated with Nokia to pilot 4G and 5G fixed wireless access network slicing on its live commercial network.