01/07/2014 06:32 AST

Etihad Atheeb has sold land and property in Riyadh for SR160 million, the fixed line telecommunications operator said.

Atheeb, which uses the brand name Go, sold a building and two plots of land to an unidentified buyer, according to a company filing to Riyadh's bourse.

These assets had a book value of SR60 million, giving Atheeb a gain of SR100 million, which will be reflected in its first-quarter results, the statement said. Atheeb's financial year starts on April 1.

The company made a net loss of SR249 million in the 12 months to March 31.


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Ticker Price Volume
GOTELECOM Sector Market
P/E
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Ticker Price Change
STC 47.00 -0.60 (-1.27%)
ETIHADETISALAT 63.00 0.20 (0.31%)
ZAIN.KSA 12.48 -0.26 (-2.05%)
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