Page 19 - SAMENA Trends - February 2022

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

and encourage service providers to The award is granted according to a levels in the telecoms industry is part of
innovate in their pursuit of market share. wide range of criteria, including a user the broader mandate to promote high-
Publishing the results of our best-practice satisfaction index, the willingness of quality, equitable communications,
assessment also raises transparency in users to recommend service providers to resulting in the regulators accreditation
the market, enabling investors and other relatives and friends and an assessment as a 'fifth generation' (G5) regulator by the
interested parties to make more accurate of the processes involved with obtaining International Telecommunications Union
assessments of industry participants." services. CITC's mission to raise service (ITU) in June 2021.

Mobily Launches New SD-WAN Service for Business Customers

Leading Saudi telecom service operator
Mobily has announced the launch of its
SD-WAN service for Mobily Business
customers in the kingdom. Developed
in partnership with VMware, the SD-
WAN service will help drive digital
transformation in the Kingdom and
consolidate the country’s position as a
leader in Information and Communications
Technology (ICT). Mobily Business’s SD-
WAN network will enable public and private
sector organizations in the Kingdom to
scale up rapidly and efficiently without
the need for costly physical infrastructure,
while allowing them to monitor network
performance and adjust network settings
remotely. SD-WAN enables reliable, secure,
and simplified branch deployments, which pioneer of SD-WAN in Saudi Arabia, giving meet demand for integrated solutions.
reduce operational cost and increase organizations the solution, they need to Sanjay Uppal, senior vice president
productivity. It also allows for seamless drive digital transformation and boost local and general manager, service provider
innovation at the Edge. The network will ICT content." "Mobily Business will prove and Edge business, VMware, said: “By
help Saudi Arabia achieve its vision of to be a key pillar supporting growth and launching SD-WAN services with VMware,
increasing the share of local IT content development of the Kingdom’s economy Mobily will help organizations of all types
while equipping public and private sector and society in line with Saudi Vision," he and size across the Kingdom gain agility
organizations with the ICT capabilities they added. The launch of the SD-WAN network and visibility of their networks." "This will
need to contribute to developing mega builds on Mobily Business’s technology help accelerate innovation at the network
projects. Mobily Chief Business Officer leadership position. The telecom Edge, and empower customers to support
Engineer Majed bin Abdulaziz Al Otaibi operator invested early in developing its nationwide digital transformation,” he
said: "Mobily Business is proud to be a infrastructure and global partnerships to added.

Etihad Etisalat Company (Mobily)'s Net Income for 2021 Grows 36.8% to
SAR 1,072Mln and Proposed Cash Dividends Raised by 70% YoY

Etihad Etisalat Company “Mobily”, a equivalent to SAR 0.85/share, for 2021, representing a 4.6% YoY growth, mainly
leading Saudi Arabian telecommunications representing a 70% increase over the cash on the back of the increase in the top-
services provider, announces its financial dividends distributed in 2020. Financial line. The EBITDA margin reached 37.7%
results for FY 2021. Net income showed Performance Highlights – FY 2021 compared to 38.1% last year.
significant increase by 36.8% YoY on the • Revenue increased by 5.6% YoY to reach • Net Income increased by 36.8% YoY to
back of healthy growth in revenue coupled SAR 14,834 million, driven by strong reach SAR 1,072 million, predominantly
with margin stability owing to tight control growth in the Business and Consumer owing to the solid growth in the top-line
of costs. Based on the solid performance, segments, with the latter showing in addition to a 10% YoY decrease in
on November 24, 2021, the Board of promising growth in Fibre-To-The- finance charges which reached SAR 505
Directors recommended to the Annual Home (FTTH). Mobily’s subscriber base million, thanks to Mobily’s deleveraging
General Assembly the distribution of cash continued to exhibit healthy growth. strategy, coupled with an easing in
dividends amounting to SAR 654.5 million, • EBITDA1 recorded SAR 5,594 million, SAIBOR.

19 FEBRUARY 2022