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Saudi's Mobily Q4 losses widen, customers decline

Saudi Arabia’s Etihad Etisalat (Mobily), the country’s second-largest telecommunications operator, reported a widening quarterly loss on Thursday, partly blaming it on the introduction of internet calls and a decline in its customer base. Net losses more than doubled to 181.7 million riyal ($48.45 million) in the three months to December …

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ADNOC Distribution reports rise in 2017 profits

ADNOC Distribution’s profits rose 1.3 percent to AED 1.8 billion ($490 million) in 2017 from AED 1.78 billion ($484.4 million) in 2016, according to unaudited preliminary financial results released on Wednesday. According to the statement, earnings per share in 2017 stood at AED 0.144 per share, compared to AED 0.142 …

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