Riyadh – Mubasher: Al Babtain Power and Telecommunication Company’s board has approved paying SAR 42.63 million in cash dividends to shareholders for fiscal year (FY) ending on 31 December 2020.
The approved amount equals SAR 1 per share or 10% of the share’s par value, according to a bourse disclosure on Thursday.
Eligibility of dividends will be to the shareholders at the end of the maturity date scheduled on 21 January 2021, as per the registered shareholders in the register of the Securities Depository Center Company (Edaa) at the end of the second trading day following the due date.
During the first nine months of the year, the company’s profits fell by 15.4% yearly to SAR 52.1 million.
