Zamil Steel Wins SR308.2 Million Contract for Qiddiya’s National Tennis Center

Zamil Structural Steel, a subsidiary of Advanced Building Industries Co. (SENAAT), signed a SR308.2 million contract to supply and install steel structures and external facades for the National Tennis Center in Qiddiya City.
HomeInvestmentMobily Third-Quarter Profit Edges Up 1% to SR925 Million as Revenue Grows...

Mobily Third-Quarter Profit Edges Up 1% to SR925 Million as Revenue Grows 4.5%

Saudi telecom operator Etihad Etisalat Co. (Mobily) said net profit attributable to shareholders rose 1% to SR925 million in the third quarter of 2026, from SR916 million a year earlier, in a filing to the Saudi Exchange on Tuesday.

Revenue rose 4.5% to SR5.07 billion, from SR4.85 billion, driven by growth in the consumer and wholesale segments and a larger subscriber base, the company said.

Blue Mobily logo and Arabic and English name on a white facade beneath a blue glass building
Mobily signage on a company building, in a file photo published by Mubasher on October 20, 2026. Photo: Mubasher

Gross profit increased 4.9% to SR2.82 billion. Earnings before interest, tax, depreciation and amortization rose 1.6% to SR2 billion, and the EBITDA margin narrowed to 39.5% from 40.6%.

Operating profit fell 3.3% to SR1 billion, from SR1.04 billion, because of higher depreciation and amortization expenses. Net other expenses fell to SR53 million, from SR95 million, helped by higher other income and lower finance costs.

Compared with the second quarter, net profit rose 2.7% from SR901 million, while revenue slipped 0.2% from SR5.08 billion on lower business segment revenue.

For the first nine months, net profit rose 7.7% to SR2.71 billion, from SR2.51 billion a year earlier. Revenue increased 5.1% to SR15.19 billion. Earnings per share were SR3.53, compared with SR3.27.