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-   -   Saudi's Mobily scraps Q3 dividend after earnings error (https://hameed.nwar.uk/vb/showthread.php?t=921861)

rss 11-08-2014 05:53 AM

Saudi's Mobily scraps Q3 dividend after earnings error
 
DUBAI, **v 6 (Reuters) - Saudi Arabia's Etihad Etisalat (Mobily), which has seen its share price fall by the daily limit for three straight days since reporting an accounting error on Monday, said it would **t distribute a dividend for the third quarter. The firm, under investigation by the bourse regulator after restating a year and a half of earnings, also said it would evaluate whether to pay shareholders in the coming quarters. The move, an**unced in a bourse filing, comes after the telecommunications firm on Monday posted a shock third-quarter profit drop due to the accounting issues. ...

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