Logo of Etihad Atheeb Telecommunication Co. (GO)
Etihad Atheeb Telecommunication Co. (GO) shareholders disapproved increasing capital through a SAR 250 million rights offering, during the extraordinary general meeting (EGM) held on March 8, the telco said in a statement to Tadawul.
Shareholders, however, approved amending Articles 7 and 8 of the company’s bylaws related to the company’s capital and shares subscription.
In October 2022, Etihad Atheeb’s board of directors amended its recommendation to a SAR 250 million rights issue to raise capital to SAR 340 million, instead of a previous proposal for a SAR 350 million rights issue, Argaam earlier reported.
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