Mobily CEO Farroukh Sees a Return to Profitability

The video discusses the challenges of maintaining profitability in the Saudi Arabian market, highlighting the impact of changing consumer spending habits on business performance. It addresses the pressure on businesses to delay communication and ICT needs, and explores strategic agreements aimed at enhancing shareholder value over the next few years.

What is the company's primary goal in the Saudi Arabian market?

• To reduce operational costs

• To expand into new markets

• To regain profitability

• To become the number one player

How is consumer spending expected to change according to the transcript?

• It will decrease drastically

• It will be more cautious

• It will remain the same

• It will increase significantly

What challenge is mentioned regarding businesses' communication and ICT needs?

• Delays in addressing these needs

• Complete halt in communication services

• Increased demand for ICT services

• Reduction in ICT service providers

What strategic move is the company considering to enhance shareholder value?

• Increasing marketing expenditure

• Selling towers and forming agreements

• Hiring more employees

• Entering new international markets

What is the company's focus for the next two to three years?

• Cost-cutting measures

• Immediate market expansion

• Long-term value for shareholders

• Short-term profits