Atheeb Telecom Announces Saudi Central Bank's Approval To Increase Capital Of Its Unit, Alhulul Almuntilaqa Co (Go Money)

By Reuters News

Sept 30 (Reuters) - ETIHAD GO TELECOM CO 7040.SE:

  • ATHEEB TELECOM - ANNOUNCES SAUDI CENTRAL BANK'S APPROVAL TO INCREASE CAPITAL OF ITS SUBSIDIARY, ALHULUL ALMUNTILAQA COMPANY (GO MONEY)

  • ATHEEB TELECOM - CAPITAL INCREASE AIMS TO STRENGTHEN THE FINANCIAL POSITION OF GO MONEY

  • ATHEEB TELECOM - GO MONEY OBTAINED APPROVAL OF SAMA TO INCREASE ITS CAPITAL FROM SAR 20 MILLION TO SAR 138 MILLION

  • ATHEEB TELECOM - CAPITAL INCREASE WILL BE FUNDED THROUGH AN ADDITIONAL CASH CONTRIBUTION OF SAR 100 MILLION BY ETIHAD GO TELECOM CO.

Further company coverage: 7040.SE

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.