The company’s revenue increased in the first quarter of the year by around 6.3 billion riyals, to around 4 billion riyals, from around 3.8 billion riyals, according to the company’s statement to the Stock Exchange. saudi.
The company said that despite the high interest rate, its financing expenses fell by around 9% in the first quarter of this year to 172 million riyals, and attributed this to the shrinking financing portfolio and the positive impact of hedging agreements.
The company’s capital expenditure in the first quarter was 224 million riyals, compared to 220 million riyals in the same quarter last year.
Mobily Saudi Arabia was established in 2004, and the Emirates Telecom Group holds the largest percentage of its shares with 27.99%, and it is the second operator of mobile wireless communications services in the Kingdom.
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