Saudi’s Mobily set to slash dividends after earnings scandal

* Restated profits $381 mln lower in November * Analysts blame over-ambitious revenue recognition * Dividends to be reined in as company rebuilds * Problems a warning for potential foreign investors By Matt Smith DUBAI, Feb 24 (Reuters) – An accounting scandal at Saudi Arabia’s Mobily is set to constrain dividend … Read entire story.

Source: Stock Markets News Headlines – Yahoo! News