Riyadh-Mubasher: Etihad Atheeb Telecommunication (GO) said its accumulated losses amounted to SAR 1 billion until 30 November, representing 63.94% of paid-in capital.
The telco posted SAR 14.04 million in net losses and SAR 25.74 million in operating losses for November.
Net losses for the 11-month period amounted to SAR 61.40 million, and the loss per share hit SAR 0.39.
The companies whose accumulated losses reach or exceed 50% of capital are requested by the market regulator CMA to release their financials on a monthly basis.
