An unknown buyer made a non-binding offer to acquire a 10% stake in 8,069 Towers of Mobile Telecommunications Company Saudi Arabia (SASE:7030) on September 7, 2021. The Offers valued 8,069 Towers at SAR 3.026 billion. Transactions includes the sale of Mobile Telecommunications Company Saudi Arabia's passive, physical towers infrastructure, it will retain all other wireless communication antennas, software, and technology.

In related transactions, Mobile Telecommunications Company Saudi Arabia received offer from Saud bin Fahad bin Abdulaziz for 10% stake in 8,069 Towers and from The Public Investment Fund of The Kingdom of Saudi Arabia for 60% stake in 8,069 Towers for SAR 1.8 billion. Mobile Telecommunications Company Saudi Arabia will own the remaining 20% stake in Towers. Offer is approved by the board of directors of Mobile Telecommunications Company Saudi Arabia.