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Wireless

Etihad Atheeb says accumulated losses down over 33% after capital cut

Thursday 12 March 2020 | 09:47 CET | News
Saudi Etihad Atheeb Telecommunication, which trades as Go, said its accumulated losses decreased to 33.63 percent of the capital as of 27 February, amounting to SAR 76.85 million, Argaam reported. It had cut capital to SAR 228.53 million to offset 67.41 percent of its accumulated losses, or SAR 122 million. The telecom provider stressed it is subject to Capital Market Authority (CMA) regulations regarding companies with accumulated losses reaching 20 percent of capital or more.

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Categories: Mobile & Wireless
Companies: Atheeb
Countries: Saudi Arabia
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