Riyadh-Mubasher: Etihad Atheeb Telecommunication (GO) said its accumulated losses amounted to SAR 1,031 million until 31 December, representing 65.46% of paid-in capital.
The telco posted SAR 24.05 million in net losses and SAR 26.75 million in operating losses for December.
Net losses for the 12-month period amounted to SAR 85.4 million, and the loss per share hit SAR 0.54.
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.
