Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) has recommended a capital cut by 60.62% to SAR 89.999 million from SAR 228.529 million.
Reducing capital aims to write off the accumulated losses amounting to SAR 138.531 million at a rate of 99.99% as of the end of August 2021, according to a bourse filing on Monday.
The capital will be restructured by canceling 13.853 million of the company's shares.
