Al-Babtain to approve 20% dividend for 2017

07/05/2018 Argaam

Al-Babtain Power & Telecommunication Co. shareholders will on June 6, 2018, approve H1 2017 dividend at SAR 1 a share, or 10 percent of capital, the company said in a bourse statement.

 

Shareholders will also vote on the company’s dividend for H2 2017 at 10 percent, or SAR 1 a share.

 

During the meeting, the board of directors will be authorized to pay quarterly or semi-annual dividend for 2018.

 

Shareholders will also endorse the board of directors’ report, an audit report and all financial statements for 2017.

 

Shareholders will approve board bonuses for 2017, and select an external auditor for 2018 and Q1 2019.

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