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Batelco shareholders to discuss BHD 42m dividend March 18

Batelco shareholders to discuss BHD 42m dividend March 18
Photo Credit: Arabianeye-Reuters
BEYON
BEYON
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Cairo-Mubasher: Batelco will hold ordinary and extraordinary general meetings on March 18, at 10:00 a.m.

Shareholders will discuss FY14 cash dividend at 25% of paid-in capital, or 25 fils per share.

The company had paid cash dividend for H1-14 at 10 fils per share, totaling BHD 41.58 million.

Shareholders will also look into transferring BHD 3.960 million to legal reserve, BHD 1.23 million to donations and BHD 2.57 million to retained earnings.

The board had recommended cash dividend for FY14 at 25 fils per share, totaling BHD 41.58 million ($110.29 million).

The telco operates with BHD 166.32 million capital, divided into 1.6632 billion shares at BHD 0.1 par value each.