| Element List | Explanation |
|---|---|
| Introduction | With reference to the announcement made by Etihad Etisalat Company ("Mobily") published on the Saudi Exchange website on 13/8/1443H (corresponding to 16/3/2022G) in respect of the approach from Emirates Telecommunications Group Company P.J.S.C ("e&") to discuss increasing its shareholding in Mobily to 50% plus one share by means of a pre-conditional partial tender offer (the "Potential Offer"), pursuant to the Merger and Acquisition Regulations issued by the Capital Market Authority (the "M&A Regulations"). Mobily announces that it has received a letter from e& stating the termination of discussion and not to pursue the potential transaction related to the possible increase in its shareholding in Mobily. Simultaneously, e& confirmed in its letter that it takes pride in its enduring and prosperous partnership with Mobily, witnessing positive advancements in Mobily’s business across all sectors. |
| Previous Announcement | Etihad Etisalat Company (Mobily) announces an approach by Emirates Telecommunications Group Company to discuss a potential offer by Emirates Telecommunications Group Company to increase its shareholding in Etihad Etisalat Company (Mobily) |
| Date of Previous Announcement on Tadawul's Website | 2022-03-16 Corresponding to 1443-08-13 |
| Percentage of fulfilled achievement | N/A |
| Event's Expected Completion Date | N/A |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
