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TMCNet:  Albilad Capital starts Mobily with Overweight rating [Mubasher (Saudi Arabic)]

[December 22, 2013]

Albilad Capital starts Mobily with Overweight rating [Mubasher (Saudi Arabic)]

(Mubasher (Saudi Arabic) Via Acquire Media NewsEdge) Albilad Capital initiated coverage for Etihad Etisalat (Mobily), saying that it evaluated the stock using Price to Earnings ratio, Enterprise Value to EBITDA and Enterprise Value to Sales.


"Our comparable universe includes the biggest listed GCC telecom operators. We initiate our coverage with a fair value of SAR 98.5, which is 15.9% higher than the current market price, thus we assign Overweight recommendation," Albilad said.

Mobily was established in 2004 by a consortium led by Etisalat, the UAE based telecom conglomerate. Mobily is the official brand name of Etihad Etisalat, renowned as the second mobile service provider in the Kingdom of Saudi Arabia. Mobily is the first Saudi communications company to get an operation license for 3rd generation services and beyond.; All Rights Reserved - Mubasher Info (c) 2013 Provided by Syndigate.info, an Albawaba.com company

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