Atheeb Seeks to Raise Capital by 1.175 Billion Riyals

(Corrects name of company)

Etihad Atheeb Telecom Co., a Saudi mobile telecommunications provider, asked for regulatory approval for a 1.175 billion-riyal capital increase through a rights issue, according to a statement to the Saudi bourse today.

To contact the reporter on this story: Inal Ersan in Dubai at iersan@bloomberg.net

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

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