Riyadh – Mubasher: Al Babtain Power Telecommunication Co announced that its board of directors recommended distributing 5% of the share’s nominal value, or SAR 0.5 per share, with a total value of SAR 21.3 million as cash dividends for the fourth quarter of 2018.
Eligibility for dividends will be for shareholders owning shares on 10 April and those registered in the shareholder's register of the company in the Securities Depository Center at the close of the second trading day after the due date, the company said in a statement to the Saudi Stock Exchange (Tadawul) on Sunday.
For the full-year 2018, Al Babtain Power Telecommunication Co’s net profits plunged 52.65% to SAR 69.7 million from SAR 147.2 million in the prior year, according to the company’s initial data on Tadawul.
