Etihad Atheeb Telecommunication Company
7040.SR
Saudi Exchange88.70
SAR
+0.05
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Etihad Atheeb Telecommunication Company
7040.SR
(Saudi Exchange)
Recent
price
88.70
P/E
ratio
- -
div
yld
- -
ROIC.AI
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- Business
- Etihad Atheeb Telecommunication Company, operating commercially as Etihad GO Telecom Company since November 2025, is a Saudi-based telecommunications provider offering a comprehensive range of fixed and wireless communication services. The company manufactures and provides voice services including nomadic voice over WiMAX, broadband internet services such as WiMAX, fiber to the building (FTTB), dedicated internet access, 5G, ethernet, and IPVPN. It also offers international gateway and fixed telephone line services; data services including session initiation protocol trunking, toll-free numbers, universal access numbers, unified communication as a service, and prepaid calling cards. Additional offerings include managed services like managed routers and SD-WAN, distributed denial of service protection, digital solutions encompassing colocation, cloud infrastructure as a service, and digital transformation consulting, as well as Internet of Things (IoT) services like machine-to-machine communication, video surveillance systems, and fleet management. The company also provides broadband satellite services, automated vehicle location services, fintech solutions, military software, geographic information systems applications, and telecommunications and information network management and monitoring services. Etihad GO Telecom targets individual, household, business, and government customers primarily within Saudi Arabia, with international operations extending its reach. Founded in 2009 and headquartered in Riyadh, Saudi Arabia, Etihad GO Telecom has recently undergone significant developments, most notably its rebranding from Etihad Atheeb Telecommunication Company to Etihad GO Telecom Company in November 2025 as part of a strategic transformation aimed at strengthening its position in telecommunications and technology sectors and supporting Saudi Vision 2030. In June 2025, the company acquired a 51% majority stake in Ejad Tech, a leading Saudi IT services and digital transformation consultancy firm, for SAR 86.7 million. This acquisition aligns with Etihad GO Telecom's strategy to expand beyond traditional telecom services into digital and IT sectors, enhancing its technological capabilities and business footprint. The company has also secured new framework agreements, such as one with the Ministry of Communications and Technology in Syria, reflecting its regional expansion initiatives. These recent strategic moves underscore Etihad GO Telecom's focus on diversification, digital innovation, and comprehensive service offerings to drive growth in competitive markets. The company is publicly traded on the Tadawul stock exchange under the ticker GO TELECOM.