Etihad Atheeb Telecom Co., GO, has spent SAR 1.1 billion out of the SAR 1.2 billion proceeds of its rights issue that took place from March 24- March 31, 2012 , the company said in a statement to the Saudi bourse, Tadawul.
The breakdown of the payment as of June 30, 2014 is as follows:
Banque Saudi Fransi loan and quarterly installments payments : SAR 886.7 million
Founders bridge loan repayment: SAR 120 million
ZTE network equipment payment: SAR 64.4 million
Power Horizon: SAR 7.8 million
Mobily due bills: SAR 25.8 million
Motorola technical service : SAR 15 million
Icom marketing service: SAR 2.12
Green Packet: SAR 4 million
STC network usage: SAR 3 million
Wipro monthly bills: SAR 20.2 million
The remaining precedes will be spent as described in the rights issue booklet and will be disclosed later on.
Comments
{{DisplayName}}
{{ElapsedTime}}