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Buy Etisalat, Mobily shares
- United Arab Emirates: Monday, August 28 - 2006 at 07:57
Investment Bank Shuaa Capital has pinpointed the shares of telco provider Etisalat and its Saudi Arabian associate Mobily as good acquisitions, reported Gulf News. Shuaa believes that Etisalat's shares could rise by 27.4%, while Mobily's shares could jump more than 40%, based on its August 23 price. Shuaa predicts Etisalat will post a profit of around 36% this year, while, in 2007, Mobily's profits could leap by more than 200%.
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Jonathan Sheikh-Miller, Deputy EditorMonday, August 28 - 2006 at 07:57 UAE local time (GMT+4)
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This article was updated on Wed Nov 01 2006.
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