Riyadh – Mubasher: Etihad Atheeb Telecommunication Company (GO) has reduced its accumulated losses to SAR 76.85 million, representing 33.63% of the company’s capital.

This comes after the company decreased its capital by 34.8% to amortise about SAR 122 million or 67.41% of its accumulated losses, as per the recommendation of the board of directors.

It is worth noting that Go reduced its capital from SAR 350.5 million to SAR 228.5 million, through the cancellation of 12.2 million shares.