GO changes subsidiary name to Al-Hulul Al-Muntilga

Logo of Etihad Atheeb Telecommunication Co. (GO)

Etihad Atheeb Telecommunications Co. (GO) received, on May 21, a letter of no objection from the Saudi Central Bank (SAMA) to change the name of its subsidiary from Hulool Al-Intilaq Finance to Al-Hulul Al-Muntilga Co.

In a statement to Tadawul, the telecom company said that this change aligns the trade name with the licensing requirements and approved regulatory standards and meets the requirements of the regulations and rules issued by the competent authorities without any material impact on the company’s obligations, operations, or dealings with official bodies or related parties.

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GO confirmed that its subsidiary continues to complete regulatory procedures with the relevant authorities, including the Ministry of Commerce.

Any future updates regarding SAMA's final licensing of Al-Hulul Al-Muntilga will be announced in due course, the statement added.

In March, GO said that its unit, Hulool Al-Intilaq Finance, received preliminary approval from the Saudi Central Bank (SAMA) to operate as a micro-consumer financing company in the Kingdom, Argaam reported earlier.