Etihad Atheeb Shareholders Vote to Continue Operations

Etihad Atheeb Telecommunications Co.’s shareholders voted to continue with the company’s operations, it said a statement to the Saudi bourse today.

Saudi Arabia’s Capital Market Authority had given Etihad Atheeb a March 31 deadline to amend its financial position as the company accumulated losses that exceeded 75 percent of its capital.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.