Etihad Atheeb Telecommunication Co (7040)

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News

27 November 2025 04:27 PM GO rebrands as Etihad GO Telecom

Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) changed its commercial name to Etihad GO Telecom Company as part of its strategic transformation to strengthen its position in the telecommunications and technology sectors. This new …

Corporate Actions

12 December 2024 05:50 PM GO to acquire 51% stake in EjadTech

Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) signed a binding memorandum of understanding (MoU) to acquire a 51% share of the capital in EjadTech. Go inked the acquisition deal on 11 December 2024 with a total value of SAR 86.70 …

Mergers and Acquisitions

9 June 2024 01:59 PM GO unveils Q1-24 dividends, financials

Riyadh - Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) proposed cash dividends worth SAR 10.19 million, representing 3% of the capital, in the first quarter (Q1) of 2024. GO will disburse a dividend of SAR 0.30 per share for …

Board of Directors

28 May 2024 11:30 AM GO unveils 2 project contracts worth SAR 45.5m

Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) awarded, on 27 May, two projects with an aggregated value of SAR 45.50 million. The first project stands at an amount of SAR 23.64 million, while the second one is valued at SAR 21.86 …

Companies Investments

6 March 2024 04:04 PM GO pens 3-year MoU with Aramco’s tech arm for 5G

Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) signed a three-year memorandum of understanding (MoU) with aramco digital company, the digital and technology subsidiary of Saudi Arabian Oil Company (Saudi Aramco), to collaborate on …

Companies Investments

27 February 2024 02:43 PM GO’s rights issues garner SAR 241m in subscriptions

Riyadh - Mubasher: Etihad Atheeb Telecommunication Company (GO) announced that its rights issues have received SAR 241.23 million in subscriptions. Around 24.12 million of the 25 million new shares were subscribed, indicating a coverage ratio of …

Trading Activities

14 January 2024 05:25 PM GO obtains regulatory approval for SAR 250m capital hike

Riyadh - Mubasher: The Capital Market Authority (CMA) approved Etihad Atheeb Telecommunication Company's (GO) proposal to raise its capital by SAR 250 million through a rights issue on 8 January 2024, according to a bourse disclosure. Based on the …

Markets Regulations

5 November 2023 03:30 PM GO’s net profits skyrocket 1,922% in 9M-23

Riyadh – Mubasher: The net profits after Zakat and tax of Etihad Atheeb Telecommunication Company (GO) soared by 1,922.13% to SAR 100.50 million in the first nine months (9M) of 2023 from SAR 4.97 million in the same period a year ago. GO recorded …

Financial Results

2 January 2023 06:01 PM GO signs deals worth over SAR 105m

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) inked contracts at a combined value of SAR 105.23 million on 29 December 2022, according to bourse disclosures. GO penned the deals with Emirate of Najran Province and Emirate of …

Companies Investments

13 October 2022 04:36 PM Saudi telecom firm GO mulls 278% capital hike

Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) has recommended a 278% capital increase to SAR 339.99 million from SAR 89.99 million. GO will raise its capital through a rights issue worth SAR 250 million by offering …

Management Decisions

6 February 2022 10:47 AM GO incurs SAR 29m losses in 9M-21/22

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) has incurred net losses after Zakat and tax of SAR 29.16 million during the first nine months (9M) of fiscal year 2021/2022, against SAR 102.55 million net profits in the year-ago …

Financial Results

27 January 2022 10:31 AM GO’s accumulated losses decline to SAR 11m

Riyadh - Mubasher: Etihad Atheeb Telecommunication Company’s (GO) accumulated losses retreated to SAR 10.919 million, accounting for 12.13% of the company’s share capital. Lower accumulated losses are attributed to the decision of the …

Companies Investments

24 January 2022 10:53 AM GO's EGM approves 61% capital cut; fluctuation limit announced

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Etihad Atheeb Telecommunication Company (GO) has approved a 60.62% capital cut to SAR 89.999 million from SAR 228.529 million. Following the capital decrease, 3.03 shares will be …

Companies Investments

20 December 2021 04:49 PM GO's board proposes capital increase through rights issue

Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) has recommended a capital increase to SAR 350 million by offering a rights issue. Through the capital raise, the company will pay off its obligations and develop and …

Board of Directors

9 November 2021 01:12 PM GO’s net losses narrow in Q3, nine months

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) incurred net losses after Zakat and tax worth SAR 9.67 million during the third quarter (Q3) of 2021. This marked a year-on-year (YoY) increase of 19.6% from SAR 12.03 million in …

Financial Results

11 October 2021 11:26 AM Etihad Atheeb's board recommends 61% capital cut

Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) has recommended a capital cut by 60.62% to SAR 89.999 million from SAR 228.529 million. Reducing capital aims to write off the accumulated losses amounting to SAR 138.531 …

Board of Directors

22 August 2021 02:15 PM GO registers lower losses in Q1

Riyadh – Mubasher: The net losses after zakat and tax of Etihad Atheeb Telecommunication Company (GO) decreased by 1.3% year-on-year (YoY) to SAR 12.11 million during the first quarter (Q1) of fiscal year 2021/2022. Lower net losses are driven …

Financial Results

6 July 2021 10:56 AM GO to consider capital restructuring to reduce accumulated losses

Riyadh – Mubasher: The board of Etihad Atheeb Telecommunication Company (GO) has authorised the executive management to study ways to restructure the company’s capital through a cut and subsequent increase to shrink the accumulated losses. GO has …

Board of Directors

29 June 2021 05:34 PM GO incurs lower annual losses at SAR 38m

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) suffered net losses after Zakat and tax of SAR 38.26 million during fiscal year (FY) ended in March 2021, decreasing by 46.5% from SAR 71.61 million in the prior FY. Revenues declined …

Financial Results

21 February 2021 04:26 PM Profits of three Saudi telecom companies hike 8.5% in 2020

Riyadh – Mubasher: Combined profits of Saudi telecom companies listed on the Saudi Stock Exchange (Tadawul) rose by 8.5% during 2020 or SAR 947 million when compared to a year earlier. The net earnings of three Tadawul-listed telecom operators, …

Sector Reports

14 February 2021 00:47 PM Restructuring STC’s debts helps GO gain profits - CEO

Riyadh – Mubasher: CEO of Etihad Atheeb Telecommunication Company (GO), Yahya bin Saleh Al Mansour, said his company's settlement of debts owed to the Saudi Telecom Company (stc) helped the company achieve profits and supported its financial …

Companies Investments

14 February 2021 09:18 AM GO’s stock to resume trading Sunday

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced that Etihad Atheeb Telecommunication Company’s (GO) stock will resume trading starting as of Sunday, 14 February 2021. This comes after the company had disclosed its financial results …

Trading Activities

11 February 2021 04:37 PM GO announces 0% accumulated losses

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) on Thursday announced that its accumulated losses have fallen to 0% of the capital. This comes after the company had generated other income from signing a settlement contract with one …

Financial Results

7 February 2021 10:37 AM GO records revenue of SAR 101.3m from deal settlement with supplier

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) said the settlement contract it recently inked with one of its main suppliers resulted in a positive initial financial impact of recording revenue of SAR 101.3 million.  This positive …

Companies Investments

4 February 2021 09:21 AM GO signs settlement contract with main supplier

Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) inked an agreement with one of the main suppliers to settle all balances and debts between the two parties for the period from the start of dealing until 31 December 2020. The two …

Companies Investments