Saudi telecom firm Etihad Atheeb turns into losses in 9 months

RIYADH: Saudi Arabia's Etihad Atheeb Telecommunication Co. turned into lossess in the nine months ending Dec. 31, 2021.

The company made a net loss of SR29.2 million compared to a net profit of 102.6 million ($27.4 million), according to bourse filing.

It said the results were driven by the increase in costs of services, general and administrative expenses, financial charges, selling and marketing expenses, and allowance for impairment in trade receivables.

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