Mobily CEO Sees Hit From Fingerprinting, Slower Saudi Economy
- Fingerprinting rule costs all kingdom’s carriers, CEO says
- Welcomes partners to join Mobily, STC in telco tower talks
Mobily CEO Farroukh Sees a Return to Profitability
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Saudi Arabia’s demand that all phone and internet customers be fingerprinted for identification is pressuring Etihad Etisalat Co.’s sales and profits in the kingdom, according to Chief Executive Officer Ahmad Farroukh.
Introduced this year, the requirement affects all carriers and is hurting subscriber numbers at Etihad Etisalat, or Mobily, as the company is known, Farroukh said in a television interview in Riyadh with Bloomberg Markets Middle East. Saudi Arabia’s slowing economic growth will also be a drag on its finances, he said.