Riyadh – Mubasher: Saudi Arabia-based Etihad Etisalat Company (Mobily) on Tuesday said that its board of directors has appointed Suliman bin Abdulrahman Al-Gwaiz as the new chairman.
The board also unveiled hiring Abdullah Mohammed Al-Issa as the vice chairman, according to a statement to the Saudi Stock Exchange (Tadawul).
The Saudi telecoms operator further noted that it named Khalifa Al Shamsi as the managing director.
Mobily last reported a sharp decrease in losses by 82.3% for the third quarter of 2018, logging SAR 30.9 million, down from SAR 174.5 million in Q3-17.
By 11:33 am Saudi time, Mobily’s stock increased 1.39% to SAR 17.46.
