| Element List | Explanation |
|---|---|
| Introduction | Referring to the announcement of Etihad GO Telecom Co. (GO) on the Saudi Exchange (Tadawul) dated 12-09-1446H corresponding to 12-03-2025G, regarding obtaining the initial approval from the Saudi Central Bank to establish a subsidiary company to engage in micro consumer financing activities in the Kingdom of Saudi Arabia. And referring to the announcement of Etihad GO Telecom Co. (GO) on the Saudi Exchange (Tadawul) dated 24-11-1446H corresponding to 22-05-2025G, regarding receiving a no-objection letter from the Saudi Central Bank to change the name of its subsidiary from “Solutions Launch for Financing” to “Al-Hulool Al-Montaliqah Company.” And referring to the announcement of Etihad GO Telecom Co. (GO) on the Saudi Exchange (Tadawul) dated 28-11-1446H corresponding to 26-05-2025G, regarding obtaining the initial approval from the Saudi Central Bank (SAMA) to establish a subsidiary company to engage in micro consumer financing activities in the Kingdom of Saudi Arabia. Etihad GO Telecom Company (GO) announces that its subsidiary, Al-Hulool Al-Montaliqah Company (GO Money), has obtained the final approval from the Saudi Central Bank on 09/08/1447H, corresponding to 28/01/2026G, to commence micro consumer financing activities in the Kingdom of Saudi Arabia. The approval was granted with a share capital of SAR 20 million, in accordance with the applicable laws and regulations in the Kingdom of Saudi Arabia. Al-Hulool Al-Montaliqah Company (GO Money) aims to provide micro-consumer financing services and to enhance the digital financial services ecosystem in the Kingdom of Saudi Arabia, in line with the objectives of Saudi Vision 2030 and the strategic directions of Etihad GO Telecom Co. (GO). |
| Previous Announcement | Etihad GO Telecom Co. (GO) announces the latest developments regarding its subsidiary Al-Haloul Al-Muntalaqah Company (GO Money) obtaining final approval from the Saudi Central Bank to commence micro-consumer finance activity in the Kingdom of Saudi Arabia. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-05-26 Corresponding to 1446-11-28 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Obtaining the final approval |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | N/A |
| Delay consequences on the Company’s financial results | The financial impact will be reflected in the company’s consolidated financial statements once Al-Holoul Al-Muntaliqa Co. (GO Money) begins its operational activities. |