Atheeb Telecom submits capital cut request to CMA

22/01/2018 Argaam

Etihad Atheeb Telecommunications Co. submitted on Monday its request to reduce capital to the Saudi Capital Market Authority (CMA), the company said in a statement on Tadawul.



Last week, the telco’s board of directors recommended a 25 percent capital reduction to SAR 472.5 million from SAR 630 million to offset accumulated losses.

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