Saudi Mobily, or Etihad Etisalat, might take an additional SAR 1 billion in provisions, if it lost a dispute with Saudi Zain, Chairman Sulaiman al-Qwaiz told Saudi television in an interview.
 
He added that if his company won the case, it would make SAR 3.4 billion in compensation from Zain as well as the booked provisions. 
 
The kingdom’s second-biggest mobile operator will focus on recovery this year and plans to restore growth and cut costs next year, he added.
 
He said that there was no conflict of interest for being the chairman of both Mobily and Banque Saudi Fransi. He will not handle any talks between Mobily and the lender, he said.
 
In April, the operator’s internal auditor noted that there were financial violations committed by the board, but independent auditors denied that such mistakes took place, he added. 

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