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.