Etihad Atheeb Shareholders Vote to Continue Operations

April 17 (Bloomberg) -- 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