The Middle East’s
Top 100 Listed
Companies 2022
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2022/05/30174444/50-Salman-Bin-Abdulaziz-Al-Badran-Mobily.jpg)
50. Etihad Etisalat (Mobily)
Country: Saudi Arabia
Sector: Telecommunications
CEO: Salman Bin Abdulaziz Al Badran
Market Value: $8.5 billion
Sales: $4 billion
Profits: $286 million
Assets: $10.5 billion
Mobily was the second mobile operator to be launched in Saudi Arabia. It is 28% owned by e&. Mobily owns 66% of the Saudi National Fiber Network project. The company recorded net profits of $286 million in 2021, an increase of 36.9% compared to 2020.