Saudi Regulator Lifts Share Trading Suspension On Etihad Atheeb

The regulator had halted the trading of STC shares after the company failed to give sufficient details on a network sharing deal.



Saudi Arabia’s stock market regulator has ended a share trading suspension on Etihad Atheeb, according to a bourse filing on Sunday.

The Capital Market Authority (CMA) halted trading in the shares of the landline telecommunications operator on Thursday after the company failed to give sufficient details on a network sharing deal Saudi Telecom Co 7010.SE (STC).

But the regulator has now lifted this suspension after Atheeb issued a statement providing the required information regarding the STC agreement, a statement said on Sunday.