Go announces the use of March 2012 IPO proceeds

21/07/2013 Tadawul

Etihad Atheeb Telecom (GO) announced today on tadawul the details of the use of March 2012 IPO proceeds amounting to SAR 1.175bn till 30/6/2013 as follows:
 

  • SAR 868.2m: payment made to BSF as a part of the loan principle plus due installments.
     
  • SAR 119.9m: payment made to founding shareholders for the bridge loan.
     
  • SAR 45.3m: payment for ZTE co. as part of its dues for the network tools and network management fees.
     
  • SAR 3.5m: payment made to Horizon Power co. as part of its dues.
     
  • SAR 18.4m: payments to Mobily as part of its dues.
     
  • SAR 15m: paid to Motorola Co. for providing technical services and tools.
     
  • SAR 2.1m: paid to Icom Co. for the publicity services provided.

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