Go announces a capital raise of 294%

15/01/2012 Argaam

A 294% capital raise of Etihad Atheeb Telecom Company (GO) (from SAR 400m to SAR 1.575bn) was approved in the Extraordinary general assembly meeting that was held on 14/1/2012.

The Capital raise is to take place by a rights issue of SAR 1.175bn at a par value of SAR 10 per share.By this issuance the number of outstanding shares will be increased from 40,000,000 shares to 157,500,000 shares.

        

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