Edaa reduces Etihad Atheeb capital in eligible shareholders’ accounts

03/03/2020 Argaam

 

The Securities Depository Center Co. (Edaa) reduced today, March 3 the capital of Etihad Atheeb Telecommunications Co. in the accounts of eligible shareholders, Edaa said in a statement to Tadawul.

  

The company recently approved the recommendation of reducing capital by 34.8% from SAR 350.53 million to SAR 228.53 million to offset SAR 122 million worth of accumulated losses.

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