Etihad Etisalat Co. — Earnings Release 2012

Apr 16, 2012

MOBILY ANNOUNCES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR 1Q 2012 (THREE-MONTH PERIOD) (CONTINUED 1)

7020 · 16/04/2012 17:49:07 · Announcement #25236 · View on Saudi Exchange

MOBILY ANNOUNCES INTERIM CONSOLIDATED FINANCIAL RESULTS FOR 1Q 2012 (THREE-MONTH PERIOD) (CONTINUED 1)

Etihad Etisalat (Mobily) announces the consolidated financial results FOR 1Q 2012 (Three-month period)

Chairman of the Board of Directors, Engineer Abdulaziz Saleh Alsaghyir said that, despite the continued fierce competition in international calling rates and high costs of international networks access, the company registered a remarkable increase in net profit amounting to 21% compared to the same quarter last year, adding that the EBITDA amounted during the first quarter of this year SAR 1,811 million compared to SAR 1,577 million for the same quarter last year; an increase of 15%, which will enhance the Company's ability to pay dividends. The Chairman indicated that the Board of Directors is scheduled to meet on Tuesday, April 24, 2012 to determine the amount of the initial dividends to be distributed for the first quarter of 2012.

Engineer Alsaghyir stated that the company will focus on partnerships and agreements to continue its growth over the medium-to-long term. He went on to say that for this purpose, the company launched the new generation of telecommunications services, known as Service Delivery Platform, which will enable the company to more rapidly implement new multimedia services collaborating with content publishers and service providers. The platform will allow the company to integrate with (OTT) content providers, and develop cloud-oriented services. Given the fact that data centers are the pillars of this service, the company is focusing on building state of the art certified data centers across the Kingdom. The company is also going to deploy, over the coming period, machine-to-machine services (M2M) that will be used in future smart grid metering and fleet tracking projects in the Kingdom. The Chairman continued to say that with consumers demanding content that is relevant to their location, language and culture, the company will be cooperating with major international partners to support the apps developer community in Saudi Arabia in order to encourage the development of Arabic language applications targeted at Saudi users. In collaboration with Etisalat, the company launched an offer allowing subscribers to use high speed Internet within the UAE and Egypt, while roaming on the Etisalats affiliates Networks (Etisalat UAE & Etisalat Egypt), at the local rates of Mobily, thus enhancing the loyalty of its subscribers.

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