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Mobily Saudi Arabia’s profits jump 58% in the third quarter

Mobily Saudi Arabia’s profits jump 58% in the third quarter

The company said that the increase in profits is due to the growth of its quarterly revenues, which reached about 4.5 billion riyals, an annual increase of 9.3 percent.

Over the first nine months of the year, she said, “My mobile“It achieved an exceptional level of net profit, which reached about 2.1 billion riyals, an annual increase of 43 percent, thanks to the increase in its revenues from all sectors of the company.

Mobily said that it achieved an increase in the customer base, bringing the number of mobile phone subscribers to 11.7 million customers by the end of the third quarter.

The company’s capital expenditures in the third quarter amounted to 471 million riyals, reaching about 1.1 billion riyals during the first nine months of the year, which was directed to developing the network and expanding the scope of the fifth generation network.5G“The Internet of Things, data centers and submarine cables.



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