Principal Activities
Ownership, operation and management of GSM mobile telecommunications network; provides Internet services; holds companies involved in software development; maintenance of telecommunication networks; retail in computers, computer peripherals, telecommunication equipment and electronics; provides telecommunication consulting services.
Date of Establishment Year
2004 (August)
No of Employees
N/A Company, 3,600 Group (As of Mar 10, 2011)
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Listing Date:
20Dec04
Size of Offering:
$266.66M
Equity Offering:
20%
Lead Managers:
Samba Capital and Investment Management Company
Acquistion
Status
Complete
Acquirer
Target
Announcement Date
03 Nov 2008
Closing Date
03 Nov 2008
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Zawya Industry Benchmarks  |
Yr 2008 |
Yr 2009 |
Change (%) |
| No of Internet Subscribers |
422,000 |
1,266,000 |
200.00 |
| No of Mobile Subscribers |
14,800,000 |
18,200,000 |
22.97 |
| Country Market Share - Mobile |
41.21% |
40.87% |
N/A |
| Penetration Rate - Mobile |
59.44% |
71.3% |
N/A |
Major Shareholders  |
Section Updated: 16Aug11
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Note: Sanad Cooperative Insurance and Reinsurance, Aljomaih Holding Company and Al Jabr Trading Company are part of the public stake.
Foreign Ownership Limits
Section Updated: 29Dec09
100%
GCC Nationals
49%
Foreigners
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Direct Investments and Related Entities  |
| Subsidiaries/Associates/Affiliates |
|
|
|
|
| Bayanat Al Oula for Network Services [99% directly and 1% indirectly] |
Saudi Arabia |
100.00% |
| Mobily InfoTech Company [99.99% directly and 0.01% indirectly] |
India |
100.00% |
| National Company for Business Solutions [95% directly and 5% indirectly] |
Saudi Arabia |
100.00% |
| Zajil International Network for Telecommunication [96% directly and 4% via National Company for Business Solutions] |
Saudi Arabia |
100.00% |
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| Supervising Authority |
|
|
| Agents and Distributors |
|
|
Auditors
| Deloitte and Touche Bakr Abulkhair and Company |
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Banks
| Banque Saudi Fransi |
National Commercial Bank |
| Samba Financial Group |
Riyad Bank |
| SABB |
|
Law Firms
| Financial Results |
31-Dec-10 |
31-Dec-11 |
Yr on Yr |
| |
SAR'000 |
SAR'000 |
change (%) |
Total revenues  |
16,013,138
|
20,052,254
|
25.22 |
Net profit  |
4,211,482
|
5,083,459
|
20.70 |
| Total assets |
33,430,447
|
37,500,676
|
12.18 |
| Paid-up capital |
7,000,000
|
7,000,000
|
0.00 |
| Shareholders' Equity |
15,579,664
|
18,388,123
|
18.03 |
| Shares outstanding |
700,000
|
700,000
|
0.00 |
| Market capitalization |
38,675,000
|
36,750,000
|
(4.98) |
| » View Full Financials |
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