Friday 25 April 2014
 
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Atheeb

Mobily extends talks to buy Atheeb to Jan 30

Saudi Arabia's second-biggest telecoms operator, Mobily, has extended talks with four shareholders in Etihad Atheeb until January 30 as it seeks to buy their stakes in the loss-making fixed-line operator. If completed, it woul

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Mobily unit in deal to buy Atheeb shares

A unit of Saudi Arabia's No.2 mobile firm Etihad Etisalat (Mobily) has signed a memorandum of understanding with four shareholders in Etihad Atheeb to buy a controlling interest in the loss-making fixed line operator.  

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Mobily eyes stake in fixed line firm Atheeb

Saudi 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.

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Saudi telco Etihad Atheeb names new CEO

  Saudi 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

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Atheeb gets nod for $310m rights issue

Saudi 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

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Atheeb eyes rights issue to lift balance sheet

Saudi 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

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Atheeb to cut capital by more than half

Saudi 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

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Atheeb blames rival for losses, shares halted

Saudi 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

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Atheeb shares suspended as losses mount

Saudi 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

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Saudi Telecom refutes Atheeb charges

Saudi 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

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