Atheeb Telecom unit Go Money gets Saudi C.Bank OK for capital hike to SAR 138mln
Atheeb Telecom announced that its subsidiary Alhulul Almuntilaqa Company (Go Money) has received approval from the Saudi Central Bank to increase its capital from SAR 20 million to SAR 138 million. This increase will be funded by an additional cash contribution of SAR 100 million from Etihad Go Telecom Co.
Sept 30 (Reuters) — ETIHAD GO TELECOM CO: Atheeb Telecom - Announces Saudi Central Bank's Approval To Increase Capital Of Its Subsidiary, Alhulul Almuntilaqa Company (Go Money) Atheeb Telecom - Capital Increase Aims To Strengthen The Financial Position Of Go Money Atheeb Telecom - Go Money Obtained Approval Of Sama To Increase Its Capital From Sar 20 Million To Sar 138 Million Atheeb Telecom - Capital Increase Will Be Funded Through An Additional Cash Contribution Of Sar 100 Million By Etihad Go Telecom Co. Source text:... com;)