#tawadul

Saudi Stock Exchange suspends trading in Mobily’s shares

RIYADH: Saudi Stock Exchange, Tawadul, said that it had suspended trading in Saudi telecommunication firm, Mobily’ shares.

Mobily, formally called Etihad Etisalat, announced that it had removed chief executive Khalid Al Kaf, who had been suspended since November pending an investigation into accounting practices at the company.

Earlier that month, it slashed its profits for 2013 and the first…