Riyadh – Mubasher: Trading activities on the stock of Etihad Atheeb Telecommunication (Go) will be suspended effective Monday, 25 September, the Capital Market Authority (CMA) of Saudi Arabia on Monday said.

The stock's trading suspension was attributed to as Go failed to commit to paragraph (A) of article (41) from the listing rules, according to the CMA’s statement to the Saudi Stock Exchange (Tadawul).

CMA stated that trading will be suspended on the stock until the firm announces the developments of paying 30% of the spectrums’ value that it got.

The telecommunication provider is not exempted from liability for violating the obligations which are imposed on it. 

Go’s stock inched up 0.13%, closing at SAR 7.96 on Thursday.