Etihad Atheeb’s accumulated losses down to 12.13% of capital

27/01/2022 Argaam

Logo of Etihad Atheeb Telecommunication Co. (GO)

Etihad Atheeb Telecommunication Co. (GO) said accumulated losses dropped to SAR 10.92 million, or 12.13% of capital as on Jan. 23, 2022, according to a bourse filing.

 

This was mainly driven by a capital reduction to SAR 89.99 million, offsetting 60.62%, or SAR 138.58 million, of accumulated losses, as per the approval of the company’s extraordinary general meeting (EGM) held on Jan. 23, 2022.

 

The company’s capital cut has no impact on its financial liabilities and obligations.

 

To review the legal accountant’s report on the company’s financial position after cutting the accumulated losses:

Legal Accountant’s Report

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