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Saudi Mobily buys 20 percent stake in Atheeb  Join our daily free Newsletter

MENAFN - 30/05/2014
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(MENAFN) Saudi Arabia's Etihad Etisalat (Mobily) has recently made an agreement with Etihad Atheeb Telecommunications to buy a stake in the latter, according to Arab News.

Mobily has signed a memorandum of understanding four of Atheeb's founding shareholders in August 2013 to acquire a stake in the firm.


A statement to the kingdom's bourse reported that Mobily's purchase of 20 percent stake in Atheeb has been approved in April through a rights share issue.

 
 


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