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Mobily eyes stake in fixed line firm AtheebSaudi Arabia's No.2 mobile company Etihad Etisalat (Mobily) is in talks to buy a stake in loss-making fixed-line operator Etihad Atheeb, according to a statement on the kingdom's bourse. More… |
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Saudi telco Etihad Atheeb names new CEOSaudi Arabia's Etihad Atheeb Telecom appointed a new chief executive on Tuesday, a day after the loss-making firm's shares slumped to an all-time low. The company, which operates under t More… |
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Atheeb gets nod for $310m rights issueSaudi Arabia's Etihad Atheeb Telecom has received regulatory approval to launch a 1.175 billion riyals ($310 million) capital increase, paving the way for the loss-making firm to resume trading on the kingdom's bourse. Atheeb, 15-percent o More… |
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Atheeb eyes rights issue to lift balance sheetSaudi Arabia-based Etihad Atheeb Telecom plans to raise its capital threefold to SR1.575 billion ($420 million) through a rights issue after cutting it by more than half to cover accumulated losses, the firm said in statements. The company More… |
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Atheeb to cut capital by more than halfSaudi Arabia's Atheeb Telecom, which has been facing mounting losses over the past year, plans to cut its capital by more than half, a bourse statement said on Sunday. "The Capital Market Authority... has approved Atheeb Telecom's re More… |
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Atheeb blames rival for losses, shares haltedSaudi Arabia's Atheeb Telecom on Wednesday said unfair competition was to blame for mounting losses that led to its shares being suspended on the kingdom's bourse. The fixed line provider, which is 15 percent-owned by Bahrain Telec More… |
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Atheeb shares suspended as losses mountSaudi Arabia's bourse regulator has suspended trading in Atheeb Telecom shares after the fixed line provider announced mounting losses, violating local market rules. Atheeb, which is 15 percent-owned by Bahrain Telecommunications Co (B More… |
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Saudi Telecom refutes Atheeb chargesSaudi Telecom (STC) is not violating market regulations, it said on Wednesday, after smaller rival Atheeb Telecom filed a lawsuit against it for allegedly breaching anti-monopoly laws. On Tuesday, Atheeb said it filed a case against STC, s More… |
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Atheeb 'interested in Saudi Zain'Saudi Arabia's Etihad Atheeb Telecom (Go) is interested in the Saudi assets of Kuwait's Zain, Al-Arabiya television quoted Atheeb's chairman as saying on Sunday. 'If Zain Saudi is put up for sale there will be an opportunit More… |
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Atheeb CEO resigns after big lossesEtihad Atheeb Telecom (Go), Saudi Arabia's first private fixed-line phone operator, said on Sunday its top executive has resigned after it accumulated losses close to 40 percent of its capital one year after starting business. Ahmad Abbas More… |
