The Communications and Information Technology Commission (CITC) has launched an investigation into the rise in prices of data service, according to Arab News. This came after prices were increased on 1 Jan 2018, following Saudi Arabia's implementation of VAT. The 50% price increase led to a number of complaints from users about the possibility of non-competitive practices and the monopoly in price-fixing by some service providers, Arab news quoted CITC spokesman, Adel Abu Haimed as saying. Saudi Telecom Company (STC) ) [7010.SE] and Etihad Etisalat (Mobily) [7020.SE] have increased the prices of their data packs and have withdrawn data cards from sale, without providing justification, according to Arabian Business.  

Mobily: SAR16.14 as of 7 Jan. 2018, Rating: Neutral, TP: SAR24.53/share, MCap: USD3,314mn, EEC AB/7020.SE

Saudi Telecom Company: SAR68.01 as of 7 Jan. 2018, Rating: Neutral, TP: SAR68.29/share, MCap: USD36,272mn, STC AB/7010.SE