Mobily on Right Track for Profitability, CEO Says

The transcript covers a discussion on the company's profitability and strategic direction, highlighting the turnaround since 2017. It addresses dividends, market performance, and growth, noting recent improvements. Subscriber trends in the Saudi telecom sector are analyzed, with strategies to mitigate potential losses. The challenges of investing in 5G technology are discussed, emphasizing the uncertainty in costs and ecosystem readiness. The inclusion of Saudi stock in emerging markets is seen as a potential boost for foreign investment. Finally, the impact of foreign resident exodus on ARPU and connections is considered, with expectations of changes post-summer.

What strategic initiative did the company start in the second half of 2017?

• A cost-cutting program

• A turnaround strategy

• A new marketing campaign

• An expansion into new markets

What is the company's focus in terms of subscriber management?

• Increasing the total number of subscribers

• Expanding into international markets

• Reducing the cost of subscriber acquisition

• Improving the mix of subscribers

What is a major challenge in finalizing 5G investments according to the transcript?

• Lack of interest from investors

• Uncertainty in equipment pricing

• Regulatory hurdles

• Competition from other telecom companies

How does the company view the exodus of foreign residents in terms of its impact?

• As an opportunity to attract new customers

• As a seasonal fluctuation

• As a permanent loss of subscribers

• As a minor issue with no significant impact

What has been the trend in ARPU during the second quarter?

• A significant decrease

• A slight decrease

• No change

• An increase