e& Ends Talks on Share Increase in Mobily

e& terminates discussions, opting not to pursue share increase in Mobily, emphasizing continued support.

Emirates Telecommunications Group Company PJSC, known as “e&,” has officially terminated discussions on the potential increase of its shareholding in Mobily. Despite an engaged period of talks, a conclusive way forward for the potential transaction could not be established. As a result, e& has decided not to pursue the potential transaction any further.

While discontinuing the specific transaction, e& affirms its commitment to supporting Mobily as its largest shareholder. The company expresses continued optimism about Mobily’s prospects in the rapidly expanding Saudi market.

More News