Etihad GO Telecom's GO Money Gets Regulatory Nod for SAR118 Million Capital Increase

10:01 AM EDT, 09/30/2026 (MT Newswires) -- Etihad GO Telecom (SASE:7040) subsidiary Alhulul Almuntaliqa Co., or GO Money, secured approval from the Saudi Central Bank to raise its capital by 118 million Saudi riyals to 138 million riyals. The telecommunications company said Wednesday it will make a cash contribution of 100 million riyals, in addition to 18 million riyals in previous contributions, to fund GO Money's capital raise. Etihad GO noted that it will continue to own 100% of GO Money after completion of the transaction.