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Etihad Etisalat Company

Saudi Arabia Β· Market cap: $12.2B Β· P/E: 12.6 Β· P/S: 2.3

Mobily is a Saudi telecom company that sells mobile, home internet, and data services to consumers and businesses.

Mobily is one of Saudi Arabia's big mobile network operators. If you live in Riyadh, Jeddah, or anywhere in between and you make a phone call, send a WhatsApp message, or stream a video on your phone, there's a good chance your signal is riding on Mobily's towers and network. The company sells mobile plans, home broadband, and data services to regular people, and it also sells connectivity and IT services to businesses and government customers.

Etihad Etisalat Company (Mobily) (7020.SR) Consumer cellular services: line art illustration of A smartphone screen showing a mobile network signal-strength icon and a SIM card beside it
Consumer mobile services
Mobily makes most of its money from consumer mobile phone plans.

The core of the business is simple: customers pay a monthly bill, or buy prepaid credit, and in exchange they get to talk, text, and use the internet. Mobily owns and runs the physical network β€” the towers, the fiber, the spectrum licenses β€” and that infrastructure is expensive to build but cheap to keep running once it's there. That's why telecoms tend to be steady, cash-generating businesses with a fixed set of rivals. In Saudi Arabia the main competitors are Saudi Telecom Company and Zain, so Mobily is fighting for share in a three-player market. A big part of the story in recent years is data. Saudis are heavy users of social media and video, and that appetite keeps pushing demand for faster networks and more capacity. Mobily has been investing in 5G and fiber-to-the-home, because whoever has the best network tends to win and keep the customers who pay the most. The company also sells wholesale access to other operators and serves large enterprise clients with things like cloud connectivity, which adds steadier revenue on top of the consumer business.


Mobily is majority-owned by Emirates Telecommunications Group β€” better known as e&, the Abu Dhabi telecom group formerly called Etisalat β€” which is a reminder that despite the Saudi name, its biggest shareholder sits across the border in the UAE. The business is regulated by Saudi authorities, so pricing and network rollout plans are watched closely. It's a company that doesn't need to be flashy: it just needs to keep its network fast, keep its customers from switching, and turn that steady stream of subscription money into profit.

Saved answer Β· last researched 12 Nov 2026