DUBAI, Dec 25 (Reuters) - Saudi Arabia's Etihad Etisalat (Mobily) 7020.SE said on Sunday it has discontinued its management agreement with its founder, Emirates Telecommunications ETEL.AD , also known as Etisalat.

The agreement expired on Friday "and Mobily and Etisalat Group agreed on the non-renewal of the same", Mobily said in a bourse statement.

(Reporting by Hadeel Al Sayegh; Editing by Paul Tait) ((Hadeel.AlSayegh@thomsonreuters.com; +971566883310;))