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Mobily soars as telco firm resumes pay-as-you-go SIM card sale
- Saudi Arabia: Saturday, December 08 - 2012 at 17:59
The Tadawul All-Share Index gained 0.73% Saturday, closing at 6,788.09 amid tailwinds from the U. S. where the Dow Jones Industrial Average Index added 0.62% Friday as the world's largest economy's unemployment rate fell to the lowest level since 2008. Shares of Etihad Etisalat or Mobily jumped 2.70% to hit SR77. Earlier in the day, KSA's second telco operator said it resumed selling pre-paid SIM cards for mobile and smart phones on Dec. 5 after the Communication and Information Technology Commission (CITC) has made some research covering a sample of segments at different times and locations in the Kingdom and ensured that the Company has fulfilled all regulations related to providing prepaid mobile calling services, including the linkage of recharge with customers identification numbers, Mobily said in an e-mailed statement. The Saudi telco regulator suspended Mobily from selling pre-paid cards on Nov. 25. In addition, Mobily announced the appointment of Eng. Abdulaziz Saleh Alsaghyir as Chairman of the Board for a period of three years, and the appointment of Eng. Khalid Omar Al Kaf as Managing Director.
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Gérard Al-Fil, Financial JournalistSaturday, December 08 - 2012 at 17:59 UAE local time (GMT+4)
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