Saudi Arabian fixed line operator Etihad Atheeb Telecom will resume trading on the kingdom's stock market on March 24, according to a bourse statement.

Atheeb's shares were suspended in May 2011 after its accumulated losses reached of 95 percent of its capital. Saudi market rules call for a suspension if losses exceed 75 percent.

Atheeb then cut its capital by 60 percent to 400 million riyals ($106.65 million) to cover some of these losses, before getting regulatory approval in December to launch a 1.175 billion riyals capital increase. - Reuters