Page 32 - SAMENA Trends - Oct-Nov 2023

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Mobily Records a 40.5% Increase in Net Profit in

9M 2023

Saudi Arabian mobile network operator published its financial results for the reporting a 7.1% year-on-year increase
(MNO) Etihad Etisalat (Mobily) has three months ended 30 September 2023, in revenues to SAR4.100 billion (USD1.1
billion), up from SAR3.828 billion in 3Q22.
The company claims that the positive
result was due to the growth of all revenue
streams, coupled with ‘healthy growth’
in its overall subscription base. Further,
EBITDA increased to SAR1.596 billion
in 3Q23, up by 8.0% y-o-y, while interest
and financial charges grew 8.0% y-o-y to
SAR162 million in the period under review,
reflecting the increase in interest rates. Net
profit, meanwhile, improved by 40.5% y-o-y
from SAR373 million to SAR524 million in
3Q23. CAPEX for the first nine months of
2023 amounted to SAR949 million versus
SAR935 million for the same period of the
previous year.

Mobily, Trend Micro Join Forces to Accelerate Cybersecurity Resilience in
Saudi Arabia

Trend Micro Incorporated, a global leader cybersecurity structure for safeguarding “We see this collaboration as a pivotal step
in cybersecurity solutions, announced cloud-based operations. "As a leading in strengthening our security infrastructure
the signing of a Memorandum of telecommunications operator, Mobily is and enhancing our customers' digital
Understanding (MoU) with Mobily, the dedicated to ensuring the highest level journeys, bringing them closer to what truly
leading telecommunications operator of security and reliability for our valued matters in today's interconnected world." In
in Saudi Arabia, in a strategic move customers. This partnership with Trend its H1 2023 Midyear cybersecurity report,
that underscores their commitment to Micro represents our commitment to "Stepping Ahead of Risks," Trend Micro
reinforcing cybersecurity in the kingdom enabling businesses to flourish in the digital revealed that its solutions neutralized
of Saudi Arabia. The announcement was realm while staying safeguarded against more than 54 million threats blocked in
made at Black Hat MEA, the largest infosec evolving cyber threats,” said Eng. Majed A. Saudi Arabia alone during the first half of
event in the region in the presence of Dr. Alotaibi, Chief Business Officer at Mobily. the year. The report breaks these numbers
Moataz Bin Ali, Regional Vice President and
Managing Director, MMEA, Trend Micro,
Rasheed Al Odah, Managing Director, KSA,
South UAE, Bahrain and Levant, and MEA
Service Director at Trend Micro and Eng.
Majed A. Alotaibi, Chief Business Officer at
Mobily and Eng. Muhammad Al-Badrani, VP
Digital & ICT solutions at Mobily. Through
this partnership, Trend Micro will deliver
advanced security solutions utilizing
Mobily's modern datacenter infrastructure,
guaranteeing strong data protection and
security for Mobily's clientele. Furthermore,
the company will present customized cloud
security solutions, specifically designed
to cater to the distinct needs of Mobily's
business customers, providing a thorough

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