Established in 2004, Mobily is a Saudi telecommunications services provider. It had a customer base of 12.3 million mobile subscribers and 298,000 fiber-to-the-home subscribers as of March 2024. Mobily’s net profit grew by 34.7% in 2023 to over $595 million. e& is the major shareholder with a nearly 28% stake. In January 2024, the company signed a $1.3 billion Murabaha financing agreement with the Saudi National Bank.