Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has announced suspending trading on Etihad Atheeb Telecommunication’s (Go) stock, starting from Sunday, 1 July.
The Saudi bourse's decision came after Go had postponed announcing its annual financial statements for the fiscal year ended 31 March.
The Saudi telecommunication operator ascribed the delay in announcing its financials to an uncertainty over business continuity as the Communications and Information Technology Commission (CITC) had rejected its request to get the unified telecom licence.
Go expected to unveil its financial results after finishing studies regarding its strategic partnership options or potential mergers with other firms that will determine its continuity.
