Al-Babtain to pay Q4 2019 dividend on March 26

Al-Babtain Power and Telecommunication Co. said it will pay cash dividend for the fourth quarter of 2019 on March 26, 2020.

Shareholders of record on March 9, including those registered at the Securities Depository Center two days after this date, are eligible to receive the dividend, the company said in a bourse statement.

Earlier this month, the company’s board of directors recommended a 5% cash dividend at SAR 0.5 per share for the fourth quarter of 2019, according to data compiled by Argaam.