The firm made a net profit of Dhs487.1 million in the three months to March 31.
The firm, a subsidiary of Qatar’s Ooredoo, made a net profit of KD2.2 million in Q1 2015.
Iraq’s three mobile networks were required to float a quarter of their shares by August 2011 as part of their 15-year licences awarded in 2007.
The company is also holding talks with another bank about the possibility of restructuring a further SAR99.6 million of debt.
Mobily, which is under investigation by the bourse regulator, reported a first-quarter loss of SAR199 million ($53 million).
Mobily, an affiliate of the United Arab Emirates’ Etisalat, made a net profit of SAR199 million in the first quarter of 2015.
The firm made a net profit of SAR2.50 billion in the first quarter of 2015.
Etisalat made net profit of Dhs2.18 billion ($593.6 million) in the first quarter of 2015.
The fine was imposed because of a nine-hour service interruption last year.
The company had 2.72 million mobile and fixed line subscribers as of March 31, up 12 per cent from a year earlier.
Full year revenue rose 31 per cent to KD238.97 million in 2014, while operating costs increased eight per cent to KD126.26 million.
The app allows users to make low-cost calls when roaming aboard through an internet or GSM connection.
Hussein Oteifa, GM at satellite provider SES Middle East, explains how data connectivity is important for economic growth.
Omantel did not give any timing for the issue in the bourse filing.
Factors largely beyond its control have dulled Ooredoo’s lustre, and its profits for the past two quarters have missed analysts’ forecasts by a wide margin.
Around 41 per cent of social media users in the Arab world preferred to communicate via WhatsApp, a report says.
Increased competition in the UAE’s telecoms sector will help make services more affordable for new companies.
The company attributed the slump in profit to foreign exchange losses in Indonesia and higher costs in its Myanmar and Algerian business.
InnJoo, which launched in the Middle East last year in partnership with e-commerce site Souq.com, has sold 300,000 devices over the last six months.
Until now there has been only one issuer of sukuk in Oman, a OMR50 million private placement from Tilal Development Co.
The Saudi telecoms operator’s stock had been suspended for a week until Thursday.
The company said that it does not anticipate difficulties with respect to future financing repayments and costs.
The regulator had suspended Mobily’s shares last Wednesday, after the company announced it had suffered a $243 million loss in 2014.
The budget smartphone brand plans to expand to all the GCC countries and markets in Africa, South East Asia and Latin America in the coming months.
The firm slashed its profits for 2013 and the first half of 2014 by a combined $381 million, citing accounting errors.
Sony said the M4 Aqua smartphone represented a renewed focus on the mid-range segment.
The South Korean manufacturer has released two versions of its latest flagship device, one utilising curved screen technology.
It made an annual net profit of Dhs8.9 billion, up from Dhs7.1 billion in 2013.
Mobily’s shares have fallen by 56 per cent since an accounting scandal first broke in November.