Etihad Etisalat Co. (Mobily) announces the clarification regarding media on discussions concerning the sale of telecom towers owned by the Company

ETIHAD ETISALATTadawulJuly 27, 2026View on exchange

AI Summary

Etihad Etisalat Co. (Mobily) confirmed that preliminary discussions are underway with TAWAL regarding the potential acquisition of Mobily's telecom towers.
No Memorandum of Understanding (MoU) or binding agreement has been reached between the parties, other than a standard confidentiality agreement.
The current discussions entail no binding legal obligations or immediate financial impact on the company.
The announcement serves as a clarification following media reports and social media discussions circulated on July 20, 2026.

Element List	Explanation
Announcement Detail	With reference to the reports circulated by certain media outlets and social media platforms on 20 Jul 2026 regarding ongoing discussions between TAWAL and Etihad Etisalat Co. (Mobily) concerning the acquisition of telecom towers owned by Mobily, the Company would like to clarify the following: 1. Preliminary discussions have taken place between TAWAL and Mobily regarding this matter 2. No MoU or binding agreement has been entered into between the parties (other than a confidentiality agreement required by the nature of the discussions), accordingly, as of this date, the preliminary discussions entail no financial impact or any binding legal obligations The Company reaffirms its commitment to disclose, without delay, any future material developments in compliance with the Rules on the Offer of Securities and Continuing Obligations and the Instructions for Companies' Announcements.

Element List

Explanation

Announcement Detail

With reference to the reports circulated by certain media outlets and social media platforms on 20 Jul 2026 regarding ongoing discussions between TAWAL and Etihad Etisalat Co. (Mobily) concerning the acquisition of telecom towers owned by Mobily, the Company would like to clarify the following:

1. Preliminary discussions have taken place between TAWAL and Mobily regarding this matter

2. No MoU or binding agreement has been entered into between the parties (other than a confidentiality agreement required by the nature of the discussions), accordingly, as of this date, the preliminary discussions entail no financial impact or any binding legal obligations

The Company reaffirms its commitment to disclose, without delay, any future material developments in compliance with the Rules on the Offer of Securities and Continuing Obligations and the Instructions for Companies' Announcements.