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04-Oct-2016

Arbitration panel submits roaming service agreement dispute between Mobily and Zain KSA for reviewing

The arbitration panel has submitted Mobily’s [7020.SE] and Zain KSA’s [7030.SE] roaming-service agreement dispute for reviewing. The panel reserved the case for studying, and the arbitral award will be announced in due course, according to Tadawul. Mobily and Zain KSA had been in dispute over SAR2.2bn domestic-roaming and site-sharing fees provided by Mobily to Zain KSA in May 2008. (Tadawul)   Mobily: SAR18.71 as of 03 October 2016, Rating: Neutral, FV: SAR24.53 per share, MCap: USD3,842mn, EEC AB / 7020.SE Zain KSA: SAR6.73 as of 03 October 2016, Rating: Neutral, FV: SAR6.56 per share, MCap: USD1,048mn, ZAINKSA AB / 7030.SE

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