Etihad Atheeb seeks CMA approval for capital top-up

07/08/2023 Argaam

Logo of Etihad Atheeb Telecommunication Co.

Etihad Atheeb Telecommunication Co. (GO) filed for the approval of the Capital Market Authority (CMA) of its capital increase via a SAR 250 million rights issue, according to a statement to Tadawul.

 

The capital increase is subject to the approval of regulatory authorities and the company’s extraordinary general meeting (EGM).

 

The telecom operator will duly reveal the related updates, the statement added.

 

The telco’s board of directors recommended in March to increase capital via a SAR 250 million rights issue, data compiled with Argaam showed.

 

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