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25/01/2018 19:42 AST
The CMA has issued its resolution approving Etihad Atheeb Telecommunication Company's request to reduce its capital from SAR (630,000,000) to SAR (472,500,000), thus reducing the number of shares from (63,000,000) shares to (47,250,000) shares. This approval is conditional on the Company's extraordinary general assembly approval and completion of the necessary procedures in relation to the applicable regulations.
The Company will publish a disclosure document to its shareholders related to the proposed method of capital reduction and the expected effect of such reduction within sufficient time prior to the Extraordinary General Assembly Meeting to enable shareholders to vote on the capital decrease.
The CMA's approval of a particular company's application to reduce its capital should never be viewed as an endorsement of the feasibility of the capital decrease. The CMA's approval of a company's application to reduce its capital merely means that the regulatory requirements as per the Capital Market Law and its Implementing Regulations have been met.
Tadawul
25/09/2017
Etihad Atheeb Telecommunication Co. failed to commit to paragraph (A) of article (41) from Listing Rules which states that (An issuer must notify the Authority and the public without delay of any mat
Tadawul
01/04/2015
Online TV entertainment in Saudi Arabia moves to the next level with an unprecedented campaign by GO, an online TV service by OSN, and LG, the world leader in consumer electronics.
GO and
Saudi Gazette
01/07/2014
Etihad Atheeb has sold land and property in Riyadh for SR160 million, the fixed line telecommunications operator said.
Atheeb, which uses the brand name Go, sold a building and two plots of
Arab News
| Ticker | Price | Change |
|---|---|---|
| STC | 44.25 | 0.60 (1.37 |
| ETIHADETISALAT | 58.20 | 0.50 (0.86 |
| ZAIN.KSA | 10.54 | 0.06 (0.57 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
Financial Information Co.
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